AUDUSD is stable – Analysis – 08.08.2016

newzeeland_dollarThe AUDUSD pair kept the daily and weekly close stability above 0.7595 level, which keeps the bullish momentum valid for the upcoming period, and the way is open to visit 0.7735 level mainly.

Stochastic current negativity interprets the reasons of the recent sideways fluctuation, noting that the EMA50 provides continuous support to the suggested bullish wave, which its continuation conditions holding above 0.7448 level.

Expected trading range for today is between 0.7510 support and 0.7735

Expected trend for today: Bullish

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Origin: Economies

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