Midday update for AUDUSD 20-04-2017
Economies.com
2017-04-20 11:04AM UTC
The AUDUSD pair tests the critical resistance at 0.7519 now keeping its stability below this level, which keeps the bearish trend scenario active for today, and its targets begin by breaking 0.7451 level to confirm opening the way towards 0.7383, pointing that the EMA50 keeps supporting the suggested bearish wave, while stochastic loses its bullish momentum gradually to reinforce the expectations for moving lower.
Expected trading range for today is between 0.7383 support and 0.7600
Expected trend for today: Bearish
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