The AUDUSD pair opens today’s trading with bearish bias to move below 0.7600 level, but, as long as yesterday’s trading closed above this level, our bullish overview still valid for the upcoming period, and the price needs to hold above the mentioned level to reinforce the chances of resuming the bullish bias that its next target located at 0.8000.
Note that stochastic offers negative signals that might put more negative pressure on the price and cause a turn at the intraday track to the downside.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
