Midday update for AUD USD 24/01/2013
Economies.com
2013-01-24 11:12AM UTC
The pair is pushing negatively on the bullish channel support appears in the image, while Stochastic attempts to provide positive signals that protect the positive scenario preferred this morning.
In general, we will continue in preferring the bullish trend unless 1.0500 was broken and settling with a daily close below it, which will cause a turning in the intraday track to the downside.
Expected trading range for today is between: 1.0485 support and 1.0700 resistance.
Expected trend for today: Bullish
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