AUDUSD tests the key support – Analysis – 21.07.2016

prognoz dollar2The AUDUSD pair continues to fluctuate at the key support 0.7448, which is met by the EMA50 to add more strength to it, while stochastic enters the oversold areas to provide positive factor for the intraday and short term trades.

Therefore, these factors encourage us to keep our bullish overview in the upcoming period, conditioned by the price stability above 0.7448 level, waiting to target 0.7785 followed by 0.7833 levels mainly.

Expected trading range for today is between 0.7400 support and 0.7600

Expected trend for today: Bullish

au98

Origin: Economies

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