The AUDUSD pair rallied strongly to the upside yesterday to attempt to breach 0.7500 level without managing to hold above it, while stochastic offers negative signals that push on the price to show some temporary bearish bias, while the EMA50 continues to support the price from below.
Therefore, we will continue to suggest the bullish trend for the upcoming period, and the next target is located at 0.7600, noting that breaking 0.7415 level will stop the bullish wave temporarily and push the price to test areas that begin at 0.7355 and might extend to 0.7215 before any new attempt to rise.
Expected trading range for today is between 0.7355 support and 0.7600
Expected trend for today: Bullish
Origin: Economies
_______________________________________
Other useful information for traders:
- Forex Forecasts & Analysis
- Forex Brokers Reviews
- Rating Forex Brokers
- XM Broker Reviews
