The AUDUSD pair tested the EMA50 that formed intraday support base at 0.7640 and bounced bullishly from there, which supports the continuation of the overall bullish trend, organized inside the bullish channels that appear on the above chart, waiting to target 0.7775 followed by 0.8000 levels mainly.
Stochastic approaches from the oversold areas to offer positive factor that supports the continuation of the expected bullish trend scenario, which its continuation conditions holding above 0.7520 and 0.7415 levels.
Expected trading range for today is between 0.7600 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
