The AUDUSD pair bounced bullishly after touching the bullish channel’s support that appears on chart, to begin bullish wave that targets the mentioned channel’s resistance, which makes us keep our expectations to rise in the upcoming sessions, and the main target is located at 0.7825.
The EMA50 forms intraday obstacle at 0.7680, thus, breaching it will ease the mission of achieve the above mentioned target, while the price needs to hold above 0.7565 and 0.7535 levels to guarantee the continuation of the suggested bullish wave.
Expected trading range for today is between 0.7565 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
