AUDUSD continues to rise – Analysis - 14-09-2018

The AUDUSD pair continued to rise yesterday and attempted to surpass 0.7200 barrier, to fluctuate near the EMA50 now, noticing that stochastic gets rid of its negativity and gains the positive momentum clearly on the four hours’ time frame, which forms positive motive that we expect to assist to push the price to resume rising in the upcoming sessions.

Therefore, we will continue to suggest the bullish trend that depends on holding above 0.7100, noting that we are waiting to visit 0.7320 level before turning back to resume the main bearish trend again.

Expected trading range for today is between 0.7125 support and 0.7270

Expected trend for today: Bullish