AUDUSD resumes rising – Analysis – 15.07.2016

forex-news-audThe AUDUSD pair begins today’s trading with clear positivity to move away from 0.7595, which reinforce the continuation of our bullish trend expectations efficiently for the upcoming period, and the way is open to visit 0.7833 level that represents the main target of the current bullish wave.

The continuation of the positive overview depends on the stability above 0.7595 and the most important above 0.7448, reminding you that it is important to monitor the price behavior when reaching the targeted level, due to its importance to detect the next trend on the short term and medium term basis.

Expected trading range for today is between 0.7580 support and 0.7800

Expected trend for today: Bullish

au95

Origin: Economies

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