Midday update for AUD USD 28/08/2015
Economies.com
2015-08-28 11:13AM UTC
The AUDUSD pair shows bearish bias now after approaching from the main bearish channel’s resistance, where the price affected by stochastic current negativity, which supports the continuation of our bearish trend expectations in the upcoming period.
Therefore, we keep preferring the bearish trend that its targets begin at 0.7000 then 0.6800, while achieving them requires holding below 0.7220 level.
Expected trading range for today is between 0.7035 support and 0.7250
Expected trend for today: Bearish
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