The AUDUSD pair managed to touch our first main waited target at 0.7595 and settles around it, noticing that the EMA50 keeps supporting the price from below, to reinforce the chances of continuing the bullish trend inside the minor bullish channel that appears on chart.
Therefore, we believe that the chances are valid to confirm breaching the mentioned level followed by opening the way to visit the main bearish channel’s resistance at 0.7750, reminding you that holding above 0.7448 level represents key condition to the continuation of the suggested bullish trend.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
