Midday update for AUD USD 15/04/2013

Economies.com
2013-04-15 10:43AM UTC

The pair continues trading negatively hitting now the bullish channel support that mentioned in the morning, where our morning overview remains valid unless breaking below this level.

 

Note that Stochastic negativity explains the current negative pressure, being aware that breaking below the mentioned support will lead to visit the main support that located at 1.0240

 

Expected trading range for today is between: 1.0345 support and 1.0625 resistance.

 

Expected trend for today: Bullish

 

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