AUDUSD confirms the breach – Analysis – 06.06.2016

newzeeland_dollarThe AUDUSD pair succeeded to confirm breaching 0.7329 level after closing the weekly candlestick above it, opening the way to head towards our next main target located at 0.7448, supported by the EMA50 that carries the price from below.

Stochastic current negativity might push the price to fluctuate around 0.7329 level before resuming the expected rise, while in general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.7329 and the most important 0.7210 levels.

Expected trading range for today is between 0.7245 support and 0.7445

Expected trend for today: Bullish

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Origin: Economies

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