The AUDUSD pair managed to surpass the EMA50 and settled above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to visit the bullish channel’s resistance at 0.7845
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which its continuation conditions holding above 0.7585 and 0.7540 levels.
Expected trading range for today is between 0.7600 support and 0.7845
Expected trend for today: Bullish
Origin: Economies
