The AUDUSD pair shows sideways trading since yesterday’s evening to fluctuate near the EMA50, as the price is affected by the negative signal offered by stochastic, and it might head to retest 0.7329 level before turning back to rise.
In general, we will continue to suggest the bullish trend as long as the price is above 0.7329 level, supported by the EMA50, reminding you that breaching 0.7448 level will open the way to target 0.7595 level direct.
Expected trading range for today is between 0.7300 support and 0.7500
Expected trend for today: Overall bullish
Origin: Economies
