AUDUSD begins the breaching attempts – Analysis – 13/12/2016

rub-usd-dollarThe AUDUSD pair begins the attempts to breach the key resistance level at 0.7495 now, which supports the continuation of our bullish overview on the intraday and short term basis, waiting to confirm breaching the mentioned level to get strong positive motive that reinforces the chances of continuing the positive scenario in the upcoming sessions, which gets good support by the EMA50.

Therefore, we will continue to suggest the bullish trend for today, which its main targets begin at 0.7595 and extend to 0.7680, noting that holding above 0.7415 represents key condition to achieve the suggested targets.

Expected trading range for today is between 0.7400 support and 0.7600

Expected trend for today: Bullish

613

Origin: Economies

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