AUDUSD awaits the activation of the positive pattern – Analysis – 12/12/2016

newzeeland_dollarThe AUDUSD pair still confined inside the positive pattern that appears on chart, waiting to breach 0.7495 level to activate the positive effect of this pattern, which will lead the price to resume the bullish trend that its targets begin at 0.7595 and extend to 0.7680.

Therefore, our bullish trend expectations will remain valid in the upcoming sessions unless breaking 0.7415 level and holding below it, which will push the price to return to the correctional bearish track that its next target located at 0.7329.

Expected trading range for today is between 0.7400 support and 0.7600

Expected trend for today: Bullish

503

Origin: Economies

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