Midday update for the AUDUSD 30-04-2019
Economies.com
2019-04-30 09:38AM UTC
The AUDUSD pair did not show any strong move since morning, to remain confined between the trend confirmation levels represented by 0.7044 support and 0.7135 resistance, which keeps our neutrality valid until now, until the price succeeds to surpass one of these levels.
Note that the contradiction between stochastic positivity and the EMA50 negativity still valid, while the details of the expected targets after breaching the above mentioned levels are explained in our morning report.
The expected trading range for today is between 0.6970 support and 0.7120
The expected trend for today: Neutral
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