AUDUSD continues to test the support – Analysis – 15.06.2016

usd_new_1The AUDUSD pair keeps fluctuating at the critical support at 0.7329, as we mentioned in our previous reports, the price needs to settle above this level to keep the positive expectations valid in the upcoming period, waiting for targeting 0.7448 then 0.7595 levels.

Therefore, we will keep the bullish trend scenario on the intraday and short- term basis, pointing that breaking 0.7329 level will push the price to test 0.7210 level before any new positive attempt.

Expected trading range for today is between 0.7270 support and 0.7470

Expected trend for today: Overall bullish

au72

Origin: Economies

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