AUDUSD pushes on the support – Analysis - 28-04-2017

The AUDUSD pair attempted to break 0.7451 level without managing to hold below it, noticing that stochastic loses its positive momentum gradually to support the chances of resuming the bearish bias in the upcoming sessions, while the EMA50 keeps pushing negatively on the price.

Therefore, our bearish overview will remain active on the intraday and short term basis, which is organized inside the bearish channel that appears on chart, noting that our next target is located at 0.7383, while the suggested decline will remain valid unless breaching 0.7519 level and holding above it.

Expected trading range for today is between 0.7383 support and 0.7550

Expected trend for today: Bearish