AUDUSD keeps its positivity – Analysis – 04.11.2016

newzeeland_dollarThe AUDUSD pair continues to provide the positive attempts to move near 0.7700 barrier again, waiting to breach this level to ease the mission of continuing the main bullish trend, which gets continuous support by the EMA50.

Therefore, our bullish overview will remain valid and active on the intraday and short term basis unless breaking 0.7595 followed by 0.7575 levels and holding below them, reminding you that our first main target is located at 0.7833.

Expected trading range for today is between 0.7595 support and 0.7800

Expected trend for today: Bullish

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Origin: Economies

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