The AUDUSD pair traded with clear negativity yesterday evening to test the bullish channel’s support now, which is met by the EMA50 to add more strength to it, accompanied by stochastic reach to the oversold areas.
Therefore, these factors encourage us to keep our bullish overview on the intraday and short term basis, waiting to target 0.7415 level mainly, taking into consideration that holding above 0.7135 represents main condition to achieve the waited positive targets.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bullish
Origin: Economies.com
