AUDUSD keeps the support base – Analysis – 28.07.2016

dl-1The AUDUSD pair attempted to break 0.7448 level yesterday but it managed to keep the daily close above it, which keeps the bullish trend scenario valid until now, supported by stochastic current positivity, waiting to test 0.7595 level initially.

We remind you that breaching the mentioned level will extend the pair’s gains to reach 0.7780, while the price needs to hold above 0.7448 level to continue the bullish momentum in the upcoming sessions.

Expected trading range for today is between 0.7400 support and 0.7600

Expected trend for today: Bullish

au103

Origin: Economies

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