The AUDUSD pair ended yesterday’s trading above 0.7600 barrier, which offers positive factor that supports achieving more gains in the upcoming period, opening the way to head towards the main bearish channel’s resistance at 0.8100.
Therefore, the bullish trend will remain suggested on the intraday and short term basis, supported by the positive signal offered by stochastic, noting that the continuation of the bullish trend conditions holding above 0.7600 and the most important above 0.7415.
Expected trading range for today is between 0.7550 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
