Midday update for AUD USD 22/05/2015
Economies.com
2015-05-22 10:56AM UTC
The AUDUSD pair bounces bearishly after testing 0.7935 level this morning, while stochastic offers negative signal now that reinforce the expectations of the bearish trend for today, waiting to target 0.7800 followed by 0.7680 levels mainly.
Therefore, our morning overview will remain valid for the rest of the day unless breaching 0.7935 followed by 0.8715 levels and holding above them.
Expected trading range for today is between 0.7800 support and 0.8015
Expected trend for today: Bearish
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