AUDUSD retests – Analysis – 09/03/2016

newzeeland_dollarThe AUDUSD pair hovers near 0.7415 level yesterday and keeps its stability above this level, to keep the chances valid for resuming the main bullish trend, which gets continuous support from the EMA50, while stochastic approaches from the oversold levels to provide extra positive motive.

Therefore, we will keep the bullish bias suggestion in the upcoming sessions, and the next target at 0.7600, while achieving it conditioned by holding above 0.7325 and 0.7200 levels.

Expected trading range for today is between 0.7325 support and 0.7560

Expected trend for today: Bullish

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Origin: Economies.com

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