AUDUSD retests – Analysis – 24.10.2016

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair is retesting the key support base 0.7595 and keeps its stability above it until now, accompanied by witnessing positive signals through stochastic now, which forms positive factor that we are waiting to push the price to resume the bullish bias in the upcoming period, waiting to target 0.7833 level as a first main station.

Therefore, the bullish trend will remain suggested on the intraday and short term basis unless breaking 0.7595 followed by 0.7535 levels and holding below them.

Expected trading range for today is between 0.7535 support and 0.7720

Expected trend for today: Bullish

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Origin: Economies

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