The AUDUSD pair tested 0.7700 level yesterday and bounced bearishly from there, to approach from testing the support base formed above 0.7600 level, as the price is affected by stochastic current negativity, waiting to get enough positive momentum to push trading to rise again.
In general, the bullish trend scenario will remain valid and active in the upcoming sessions as long as the price is above 0.7600 level, supported by the EMA50, and the next targets located at 0.8000 – 0.8060.
Expected trading range for today is between 0.7550 support and 0.7770
Expected trend for today: Bullish
Origin: Economies
