The AUDUSD pair keeps rallying bullishly to surpass 0.7300 barrier and attempts to build support base above it, which support the continuation of our bullish overview efficiently for the upcoming period, and the way is open to visit 0.7415 level that represents the first target of the current bullish wave.
The EMA50 continues to support the price from below, thus, we will continue to suggest the bullish trend in the upcoming period, noting that breaching 0.7415 level will extend the pair’s gains to reach 0.7600 level on the near term basis, while the expected bullish trend will remain valid unless breaking 0.7095 level and holding below it.
Expected trading range for today is between 0.7200 support and 0.7450
Expected trend for today: Bullish
Origin: economies.com
