AUD USD attacks the minor support – Analysis - 26/02/2015
The AUDUSD pair begins today’s trading with clear bearish bias to attack the minor bullish channel’s support that appears on image, supported by the negativity provided by stochastic, which supports the continuation of our overall bearish overview, which depends on the price stability inside the main bearish channel, which its resistance located at 0.7905.
Therefore, we are waiting to target 0.7740 followed by 0.7645 levels as main initial stations, noting that it’s important to hold below 0.7905 to keep the chances of achieving these targets.
Expected trading range for today is between: 0.7735 support and 0.7950 resistance.
Expected trend for today: Bearish
---------- Post added at 03:06 AM ---------- Previous post was at 01:25 AM ----------
Midday update for AUD USD 26/02/2015
The AUDUSD pair attempts to breach the main bearish channel that appears in the above chart, affected by the positive signal that comes from stochastic now, but in general, we still keeping our bearish trend expectation if the daily close settled below 0.7905 level, noting that breaking 0.7845 will provide a strong positive motive that supports heading towards our targets that begin at 0.7740 then 0.7645.
Expected trading range for today is between: 0.7735 support and 0.7950 resistance.
Expected trend for today: Bearish


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