AUDUSD rises calmly – Analysis – 05.08.2016

dl-1The AUDUSD pair continues to fluctuate within tight track keeping its stability above 0.7595, and the EMA50 keeps supporting the price from below, thus, our bullish overview will remain valid for today, and the main target is testing 0.7745 level.

Holding above 0.7748 level represents key condition to the continuation of the bullish trend and guarantee not turning the intraday and short term track to the downside.

Expected trading range for today is between 0.7510 support and 0.7745

Expected trend for today: Bullish

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Origin: Economies

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