Midday update for AUDUSD 16-01-2017
Economies.com
2017-01-16 11:58AM UTC
The AUDUSD pair approaches from testing 0.7448 level, while the EMA50 continues to provide positive support for the price, which keeps the bullish trend scenario valid until now depending on the stability above the mentioned level, where breaking this level represents negative factor that will push the price to visit 0.7329 level before any new attempt to rise.
Our next target located at 0.7595, reminding you that breaching this level will extend the gains to reach 0.7833 as a next main station.
Expected trading range for today is between 0.7400 support and 0.7595
Expected trend for today: Bullish
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