AUDUSD keeps its negative stability – Analysis – 26/05/2016

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The AUDUSD pair continues to fluctuate within sideways track keeping its stability below 0.7210 level, while the EMA50 keeps pushing negatively on the price, and stochastic offers negative signal on the four hours’ time frame.

Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, and the next target is located at 0.7063, noting that it is important to hold below 0.7210 and 0.7250 levels to continue the expect decline for today.

Expected trading range for today is between 0.7070 support and 0.7280

Expected trend for today: Bearish

Origin: Economies

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