AUDUSD gets the positive momentum – Analysis – 29.06.2016

newzeeland_dollarThe AUDUSD pair keeps its stability above 0.7329 level, accompanied by stochastic reach to the oversold levels thresholds, therefore, we believe that the chances available for trading positively in the upcoming sessions, the price needs to breach 0.7448 level to reinforce the expectations of targeting 0.7595 level as a next main station.

Breaking 0.7329 level will push the price to test 0.7210 level before detecting its next trend clearly.

Expected trading range for today is between 0.7300 support and 0.7500

Expected trend for today: Bullish

au82

Origin: Economies

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