The AUDUSD pair returns to fluctuate near the bullish channel’s support that appears on chart, noticing that stochastic gets rid of its negativity to begin overlapping positively from the oversold areas, which supports the chances of resuming the bullish trend in the upcoming sessions, targeting 0.7835 areas as a next main station.
Therefore, the bullish bias will be suggested on the intraday and short term basis, conditioned by the price stability above 0.7580 and 0.7525 levels.
Expected trading range for today is between 0.7525 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
