AUDUSD breaches the resistance – Forecast – 17/08/2017

newzeeland_dollarThe AUDUSD pair rallied bullishly to succeed breaching the bearish channel’s resistance that appears on chart and settled above it, reinforcing the expectations of continuing the bullish trend in the upcoming period, and the way is open to achieve our next targets at 0.8000 followed by 0.8115.

Therefore, the bullish trend will remain active on the intraday and short term basis, supported by the EMA50, conditioned by the price stability above 0.7800.

Expected trading range for today is between 0.7880 support and 0.8020

Expected trend for today: Bullish
d2

Origin: Economies

 

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