Midday update for AUDUSD 19-05-2017

The AUDUSD pair returns to provide positive attempts and start testing 0.7451 level again, which urges caution from the upcoming trading, as stochastic provides positive signals that might assist to push the price to breach the mentioned level and turn to rise.

Until now, the morning suggested scenario will remain valid unless the price confirmed breaching 0.7451 level, reminding you that the waited targets begin at 0.7383 and extend to 0.7299.

Expected trading range for today is between 0.7300 support and 0.7500

Expected trend for today: Bearish