The AUDUSD pair approached from 0.7448 level yesterday and begins to bounce higher from there, where the EMA50 meets the mentioned level to strengthen it, while stochastic reaches the oversold levels to form positive motive for the intraday and short term trading.
Therefore, these factors encourage us to keep our bullish trend expectations, which target testing 0.7785- 0.7833 levels, reminding you that holding above 0.7448 represents an important condition for achieving the suggested targets.
Expected trading range for today is between 0.7448 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
