AUDUSD breaches the resistance – Analysis – 31/05/2017

forex-news-audThe AUDUSD pair achieved clear breach to 0.7451 level and settled above it, which provides signald for the price head to regain its main bullish track, waiting for heading to 0.7519 as a next main station.

Therefore, the bullish bias will be preferred in the upcoming sessions, and breaching the targeted level will push the price to 0.7604 directly, while the expected rise will remain valid unless breaking 0.7415 level and holding below it.

Expected trading range for today is between 0.7400 support and 0.7550

Expected trend for today: Bullish

tg3

Origin: Economies

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