AUDUSD tests the support base – Analysis – 06.07.2016

forex-news-aud_1The AUDUSD pair hovers around the support base formed above 0.7448, met by the EMA50 to add more strength to it, while stochastic provides continuous positive signals.

Therefore, the bullish trend will remain valid on the intraday and short term basis, and the main targets begin at 0.7595 and extend to 0.7833, reminding you that holding above 0.7329 represents key condition to the continuation of the expected rise.

Expected trading range for today is between 0.7329 support and 0.7595

Expected trend for today: Bullish

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Origin: Economies

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