Midday update for AUD USD 16/01/2013
Economies.com
2013-01-16 11:08AM UTC
The pair shows a bearish bias since morning, noticing that the trading is limited inside a symmetrical triangle pattern inside the main channel appears in the image, this pattern is continuation, and supports the general idea for continuing the bullish trend.
Therefore, our morning expectations remain valid for today, and the price needs a clear breach above 1.0575 to confirm it.
Expected trading range for today is between: 1.0480 support and 1.0700 resistance.
Expected trend for today: Bullish
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