Midday update for AUD USD 18/12/2014
Economies.com
2014-12-18 11:15AM UTC
The AUDUSD pair trades positively after testing 0.8115 level, to approach from the bearish channel’s resistance which confines the current trading, as long as the price below 0.8225, so our bearish trend expectations will remain valid and active for today, supported by the EMA50, waiting for targeting 0.8045 level as a next main station.
Expected trading range for today is between: 0.8045 support and 0.8200 resistance.
Expected trend for today: Bearish
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