The AUDUSD pair continues to fluctuate around 0.7595 level, while the EMA50 provides continuous positive support to the price from below, to protect trading inside the bullish channel that appears on chart.
Therefore, the bullish trend scenario will remain valid and active in the upcoming sessions conditioned by the stability above 0.7448 level, waiting to test the main bearish channel’s resistance at 0.7750, which represents important key to detect the next destination on the short term and medium term basis.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
