Midday update for AUD USD 30/03/2015
Economies.com
2015-03-30 10:45AM UTC
The AUDUSD pair trades with bearish bias since morning reinforcing our downside track expectations for today, which depend on the stability below 0.7840 level, where the price approaches from our main waited target at 0.7650.
It is important to monitor the price behavior when reaching the mentioned target, where breaking it will extend the bearish wave to reach 0.7400 levels as next main station, while its stability will push the price to recovery attempts on the intraday and short term basis.
Expected trading range for today is between: 0.7600 support and 0.7840
Expected trend for today: Bearish
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