The AUDUSD pair keeps its stability above the key support 0.7448, and the EMA50 continues to provide the positive support to the price, therefore, the bullish trend scenario will remain active for the upcoming period, supported by stochastic positivity that we are waiting to motivate the price to continue rising on the short term basis.
Our first target is located at 0.7595, and breaching it will lead the price to test 0.7760 level that represents the main bearish channel’s resistance that appears on chart, which urges monitoring the price behavior when reaching this level, due to its importance of detecting the next destination on the medium term basis.
Expected trading range for today is between 0.7400 support and 0.7600
Expected trend for today: Bullish
Origin: Economies
