The AUDUSD pair hovers around the EMA50 that offers good positive support protects the bullish trend scenario suggested in our previous reports, which moves inside the bullish channel that appears on chart, noticing that stochastic offers clear positive signals now, reinforcing the expectations of resuming the bullish bias in the upcoming sessions.
Therefore, we believe that the chances are valid to trade positively on the intraday and short term basis, to target 0.7630 areas as a next main station, reminding you that breaking 0.7415 level will stop the expected rise and put the price under negative pressure that might lead trading to test 0.7210 level before any new attempt to rise.
Expected trading range for today is between 0.7350 support and 0.7600
Expected trend for today: Bullish
Origin: Economies
