AUDUSD retests – Analysis - 25-07-2017
Economies.com
2017-07-25 03:28AM UTC
The AUDUSD pair is retesting the previously breached resistance of the bullish flag pattern that appears on the above chart, accompanied by stochastic reach to the oversold areas, while the EMA50 keeps providing the positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, waiting to target 0.8000 followed by 0.8115 levels as next main stations, reminding you that holding above 0.7830 represents the most important condition to continue the expected rise.
Expected trading range for today is between 0.7830 support and 0.8050
Expected trend for today: Bullish
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