The AUDUSD pair confirmed breaching the minor bullish channel’s resistance that appears on chart after closing the daily candlestick above it, which supports the continuation of the bullish trend on the intraday and short term basis, waiting to head towards 0.8000 as a next main station.
The EMA50 continues to support the expected bullish wave, while stochastic current negativity interprets the reasons of the slight bearish bias that appears now, noting that holding above 0.7690 represents the first condition to continue the bullish trend for today.
Expected trading range for today is between 0.7700 support and 0.7900
Expected trend for today: Bullish
Origin: Economies
