AUDUSD confirms the breach – Analysis – 09.06.2016

forex-news-audThe AUDUSD pair managed to confirm breaching 0.7448 level, as it trades positively and move away from this level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which get continuous support by the EMA50.

Therefore, the chances are valid to visit 0.7595 level that represents the next main target of the current bullish wave, noting that holding above 0.7448 level represents the first protecting factor to the continuation of the suggested positive scenario.

Expected trading range for today is between 0.7400 support and 0.7595

Expected trend for today: Bullish

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Origin: Economies

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