AUDUSD needs the positive momentum – Analysis - 17-04-2018
Economies.com
2018-04-17 03:41AM UTC
The AUDUSD pair shows sideways trading since yesterday, as stochastic lost its bullish momentum on the intraday basis, which shows the price needs to get enough positive momentum to push trades to continue the main rise.
Until now, the bullish trend scenario still valid as long as 0.7743 level remains intact, supported by the EMA50, noting that our main targets begin by breaching 0.7818 level to open the way to head towards 0.7893.
Expected trading range for today is between 0.7700 support and 0.7860
Expected trend for today: Bullish
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