The AUDUSD pair continues to fluctuate around 0.7600 level and finds difficulty to hold above it until now, as the price is affected by stochastic negativity that appears on the daily time frame, which might cause more sideways fluctuation before attempting to rise again.
In general, we will continue to suggest the bullish trend on the short term basis as long as the price is above 0.7415 level, waiting to head towards 0.8100 as a next main station, noting that breaking 0.7415 level will stop the suggested positive scenario and push the price to resume the bearish trend on the medium term basis.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
