AUDUSD retests – Analysis – 04/04/2016

rub-l10The AUDUSD pair retested 0.7600 level and kept its stability above it, to keep the bullish trend scenario valid for the upcoming period, supported by the EMA50, waiting to head towards 0.8000 – 0.8040 levels mainly.

We remind you that breaking 0.7600 level will stop the positive overview and push the price to test 0.7415 initially before any new attempt to rise.

Expected trading range for today is between 0.7550 support and 0.7770

Expected trend for today: Bullish

au11

Origin: Economies

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