AUDUSD resumes rising – Analysis - 20-03-2017

The AUDUSD pair approaches from our first waited target at 0.7739, as the price is affected by the bullish flag pattern that was completed on last Friday, waiting to breach the mentioned level to confirm opening the way to extend the bullish wave towards 0.7900.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, which gets good support by the EMA50, reminding you that it is important to hold above 0.7604 to keep the chances of achieving the suggested targets.

Expected trading range for today is between 0.7630 support and 0.7820

Expected trend for today: Bullish