The AUDUSD pair rallied strongly to the upside to approach from our main waited target at the bullish channel’s resistance shown on image, which is located at 0.7620 now, as the price gets continuous support by the EMA50, which hints the continuation of the bullish wave in the upcoming sessions.
Therefore, we suggest witnessing more rise on the intraday and short term basis, noting that breaching 0.7620 level will extend the pair’s gains to reach to 0.7845 as a next main station, while holding above 0.7415 represents the first protecting factor to the continuation of the expected bullish trend.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
