The AUDUSD pair trades positively to move above 0.7600 barrier, as the price leaned on the minor support line that appears on chart, which offers signals of the return of the bullish trend domination on the intraday and short term trading, opening the way to visit the main bearish channel’s resistance at 0.8010.
Stochastic provides clear positive signals on the daily time frame, besides that the EMA50 carries the price from below, therefore, these factors encourage us to suggest the bullish bias in the upcoming period, which its continuation conditions holding above 0.7505 and the most important above 0.7415 levels.
Expected trading range for today is between 0.7550 support and 0.7750
Expected trend for today: Bullish
Origin: Economies
