Midday update for AUD USD 28/07/2015
Economies.com
2015-07-28 10:34AM UTC
The AUDUSD pair still within the sideways track mentioned this morning, and we notice that stochastic reaches the overbought areas now, to form negative factor that we are waiting to push the price to resume the expected bearish bias for today, which depends on holding below 0.7415 and 0.7560 levels.
The EMA50 keeps pushing negatively on the price to support the suggested decline, which its next main target is located at 0.7100.
Expected trading range for today is between 0.7150 support and 0.7400
Expected trend for today: Bearish
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