Midday update for AUDUSD 12-01-2018

Economies.com
2018-01-12 11:38AM UTC

The AUDUSD pair showed some slight negative trades this morning but it's still above the intraday bullish channel's support, and the price gets continuous positive support by the EMA50, to keep the bullish trend valid and active in the upcoming period, waiting to test 0.7937 as a next main station, reminding you that holding above 0.7820 represents the most important condition to continue the suggested rise.

 

Expected trading range for today is between 0.7800 support and 0.7970

 

Expected trend for today: Bullish

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