AUDUSD keeps the support base – Analysis – 10/11/2016

rub-l11The AUDUSD pair kept its stability above 0.7595 level after the strong decline that appeared yesterday, which keeps the bullish trend scenario valid until now, as the price begins today’s trading with bullish bias to fluctuate around the EMA50, reinforcing the chances of continuing the positive scenario suggested in our recent reports.

Therefore, we are waiting for more rise in the upcoming sessions, and the next main target is located at 0.7833, while holding above 0.7595 represents the most important condition to continue the suggested positive overview.

Expected trading range for today is between 0.7595 support and 0.7833

Expected trend for today: Bullish

163

Origin: Economies

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