AUDUSD begins positively – Analysis – 31.05.2016

aud_newsThe AUDUSD pair opens today’s trading with clear bullish bias to surpass the EMA50 and attempt to hold above it, which provides signals of heading towards more bullish bias for today, targeting testing 0.7329 level initially.

Therefore, the bullish trend will be suggested for the upcoming sessions unless breaking 0.7210 level and holding below it, which will put the price within the bearish track again, which its next target located at 0.7063.

Expected trading range for today is between 0.7150 support and 0.7350

Expected trend for today: Bullish

au61

Origin: Economies

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