AUDUSD activates the positive pattern – Analysis – 31/01/2017

aud_newsThe AUDUSD pair begins today’s trading positively to breach the bullish flag resistance, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, paving the way to attack 0.7595 level, waiting to confirm breaching it to open the way to head towards 0.7833 as a next main station.

Therefore, the bullish trend will remain suggested on the intraday and short term basis supported by the EMA50, conditioned by the price stability above 0.7510.

Expected trading range for today is between 0.7500 support and 0.7700

Expected trend for today: Bullish

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Origin: Economies

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