The AUDUSD pair succeeded to touch the bullish channel’s support that appears on the above chart and shows bullish rebound signals from there, which supports the chances of trading positively in the upcoming period, according to the trading rules inside the price channels.
Therefore, the bullish bias will be suggested on the intraday and short term basis, supported by stochastic positivity that appears clearly on the four hours’ time frame, waiting to target 0.7820 level as a next main station, taking into consideration that breaking 0.7565 – 0.7220 levels will stop the expected rise and put the price under more negative pressure.
Expected trading range for today is between 0.7520 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
