AUDUSD negotiates the moving average – Analysis - 15-09-2017
Economies.com
2017-09-15 04:00AM UTC
The AUDUSD pair shows some bullish bias after touching the bullish trend line that appears on chart, to face intraday resistance formed by the EMA50 now at 0.8000, thus, the price needs to breach this level to ease the mission of continuing the bullish trend on the intraday and short term basis, which its next target located at 0.8115.
In general, we will continue to suggest the bullish trend for the upcoming sessions unless breaking 0.7965 level and holding below it, as breaking this level will push the price to start bearish correction for the bullish wave that started from 0.7370 areas.
Expected trading range for today is between 0.7950 support and 0.8115
Expected trend for today: Bullish
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