AUDUSD surpasses the first target – Analysis – 08/03/2016

newzeeland_dollarThe AUDUSD pair rallied bullishly yesterday after confirming breaching 0.7415 level, reinforcing the expectations of more rise in the upcoming period, opening the way to head towards our next main target located around 0.7600.

The EMA50 keeps supporting the suggested bullish wave, which it continuation conditions holding above 0.7295 and 0.7200 levels.

Expected trading range for today is between 0.7320 support and 0.7560

Expected trend for today: Bullish

audusd10

Origin: Economies.com

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