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Midday update for AUDUSD 01-08-2016
The AUDUSD pair fluctuates around 0.7595 level since morning, and we are still waiting to breach this level to confirm extending the bullish wave that its next target located at 0.7750.
Stochastic continues to head upwards to support the expectations to rise, besides the continuous positive support provided by the EMA50, taking into consideration that breaking 0.7448 level will stop the expected rise and push the price to turn its intraday track to the downside.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
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Midday update for Brent Oil 01-08-2016
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