AUDUSD heads towards the resistance – Analysis – 29/03/2016

forex-news-aud_1The AUDUSD pair shows some bullish bias to approach from the key resistance 0.7600, as the price is affected by stochastic positivity, and as long as the price is below the mentioned level, the temporary bearish bias will remain valid for the upcoming period, and the target is testing 0.7415 level before turning back to resume the rise on the short term basis.

Note that breaching 0.7600 level will stop the negative overview and lead the price to continue the bullish trend that its next target located at 0.8060 with no need to the expected decline of today.

Expected trading range for today is between 0.7415 support and 0.7650

Expected trend for today: Bearish temporarily

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Origin: Economies

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