Midday update for AUDUSD 21-03-2017

The AUDUSD pair resumes its positive trading to test 0.7739 level again, which reinforces the chances for the continuation of our bullish trend expectations efficiently in the upcoming period, supported by stochastic positivity that appears on the four hours’ time frame, waiting for breaching the mentioned level to open the way towards targeting 0.7900 level on the near term basis.

Therefore, we will keep our positive expectations on the intraday and short term basis unless breaking 0.7604 level and holding below it.

Expected trading range for today is between 0.7630 support and 0.7820

Expected trend for today: Bullish