AUDUSD keeps the support base – Analysis – 14/06/2017

newzeeland_dollarThe AUDUSD pair still stable above 0.7519 level, noticing that stochastic got rid of its negativity and starts to provide positive overlapping signal on the four hours’ time frame, forming positive motive that we are waiting to assist to push the price to resume the bullish trend in the upcoming sessions.

Therefore, the bullish trend scenario will remain active on the intraday and short term basis unless breaking 0.7519 level and holding below it, supported by the EMA50 that keeps carrying the price from below, reminding you that our main targets begin at 0.7604 and extend to 0.7740.

Expected trading range for today is between 0.7451 support and 0.7650

Expected trend for today: Bullish

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Origin: Economies

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