The AUDUSD pair begins today’s trading with bearish bias that targets testing the key support 0.7448, as the price is affected by stochastic negativity that attempts to get rid of this negativity and gain positive momentum on the intraday time frames, which supports the chances of bouncing bullishly to resume the main bullish trend in the upcoming sessions.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.7448, reminding you that our main target is located between 0.7790 – 0.7833.
Expected trading range for today is between 0.7448 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
