Midday update for AUDUSD 30-09-2016
Economies.com
2016-09-30 10:51AM UTC
The AUDUSD pair continued its negative trading to test the key support 0.7595, and as we mentioned this morning, this level represents one of the next trend keys besides 0.7630 resistance, and the price needs to breach one of them to detect its next destination clearly, especially that the contradiction is clear between stochastic positivity and the EMA50 negativity.
Therefore, we will continue with our neutrality until we get clearer trend signal for the next trend, and for more details about the expected targets after the breach, please review our morning report.
Expected trading range for today is between 0.7500 support and 0.7750
Expected trend for today: Neutral
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