The AUDUSD pair faced good resistance formed by the EMA50 against the price last positive attempts, to test the support base located at 0.7110, and as long as the price is above this level, we will continue to suggest the bullish trend on the intraday and short term basis, and the price needs to breach 0.7185 level to add more confirmation to the continuation of the positive scenario.
Therefore, we are waiting for positive trading in the upcoming sessions, and the next main target of the current bullish wave is located at 0.7415, noting that breaking 0.7115 level and holding below it will push the price to head towards 0.6970 followed by 0.6825 levels.
Expected trading range for today is between 0.7050 support and 0.7300
Expected trend for today: Bullish
Origin: Economies.com
