AUDUSD faces solid resistance – Forecast – 11/09/2017

aud_newsThe AUDUSD pair bounced downwards clearly after testing 0.8115 level, to approach from leaning on the intraday bullish channel that appears on chart, accompanied by stochastic reach to the oversold areas, forming positive motive that we expect to push the price to resume the main bullish trend again.

Therefore, the bullish bias will be suggested in the upcoming sessions, and the targets begin by breaching 0.8115 to confirm opening the way to head towards 0.8330, noting that the continuation of the bullish trend depends on holding above 0.7965.

Expected trading range for today is between 0.7965 support and 0.8150

Expected trend for today: Bullish

wq2

Origin: Economies

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