The AUDUSD pair bounced clearly to the upside after testing the bullish channel’s support that appear on chart, and the price gets positive support by the EMA50, which supports the continuation of the expected bullish trend on the short term basis, opening the way to head towards 0.7415 in the upcoming period.
Therefore, the bullish bias will remain suggested as long as the price is above 0.7125, noting that stochastic current negativity might push the price for some temporary sideways fluctuation before resuming the main bullish trend.
Expected trading range for today is between 0.7125 support and 0.7370
Expected trend for today: Bullish
Origin: Economies.com
