AUDUSD retests – Analysis – 05/12/2016

newzeeland_dollarThe AUDUSD pair is retesting 0.7448 level and keeps its stability below it until now, which keeps our bearish trend expectations valid until now, supported by stochastic negativity, waiting to rebound bearishly to head towards 0.7329 as a first main target.

Note that breaching 0.7448 level and holding above it will open the way to return to the main bullish trend, to start the positive targets at 0.7595.

Expected trading range for today is between 0.7329 support and 0.7500

Expected trend for today: Bearish

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Origin: Economies

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