Midday update for AUD USD 17/01/2013
Economies.com
2013-01-17 11:05AM UTC
The pair’s trading bounces to the upside after approaching from the current bullish channel support, where the price is approaching now from the minor resistance level around 1.0535, while breaching this resistance will ease the continuation of the short term bullish trend.
In general, our morning expectations remain valid and active for today conditioned by settling above 1.0480.
Expected trading range for today is between: 1.0480 support and 1.0700 resistance.
Expected trend for today: Bullish
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