AUDUSD keeps the support base – Analysis – 07.06.2016

aud_newsThe AUDUSD pair kept its stability above 0.7329 level after retesting it yesterday, to keep the bullish trend scenario valid and active on the intraday and short term basis, paving the way to target 0.7448 followed by 0.7595 levels in the upcoming period.

Holding above 0.7329 and 0.7210 levels represents key condition to the continuation of the positive overview, while breaking it will push the price to return to the short term bearish trend, which its next target located at 0.7063.

Expected trading range for today is between 0.7265 support and 0.7500

Expected trend for today: Bullish

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Origin: Economies

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