AUDUSD retests – Analysis - 16-04-2018
Economies.com
2018-04-16 03:56AM UTC
The AUDUSD pair retested the previously breached resistance of the bearish channel that appears on the chart, accompanied by stochastic reach to the oversold areas, to start providing positive trades now, which supports the continuation of the bullish trend scenario in the upcoming sessions, supported by the EMA50.
Our first target is represented by testing 0.7818 level to confirm opening the way to head towards 0.7893, noting that holding above 0.7743 represents key condition to achieve the suggested targets.
Expected trading range for today is between 0.7700 support and 0.7860
Expected trend for today: Bullish
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