The AUDUSD pair shows some bearish bias to hover around 0.7600 level now, and the price needs to hold above this level to keep the positive scenario valid for the upcoming period, which depends on holding above 0.7415 level.
The EMA50 continues to support the price from below, thus, we will continue to suggest the bullish trend on the intraday and short term basis, waiting to visit 0.8100 level as a next main station, noting that breaking 0.7415 level will stop the positive overview and put the price under the negative pressure again.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
