The AUDUSD pair closed yesterday’s trading negatively to settle below 0.7448 level, but we notice that stochastic gained clear positive momentum on the intraday time frame, and it begins to provide positive overlapping signal now, while the EMA50 keeps providing support for the price from below.
Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming session, and its next target located at 0.7595, being aware that breaking 0.7415 level will push the price to visit 0.7329 level before it returns to rise again.
Expected trading range for today is between 0.7330 support and 0.7595
Expected trend for today: Bullish
Origin: Economies
