The AUDUSD pair continued its negative trading to move below 0.7500 barrier now; noticing that stochastic shows clear oversold signals now, while the EMA50 continue to provide support for the price from below.
Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming sessions, and the next main target located at 0.7625, pointing that holding above 0.7415 important for the continuation of the bullish momentum.
Expected trading range for today is between 0.7400 support and 0.7600
Expected trend for today: Bullish
Origin: Economies
