The AUDUSD pair keeps fluctuating between 0.7595 level and the bearish channel’s resistance that declines now to 0.7715, noticing that stochastic gains the positive momentum clearly to reach the thresholds of the oversold areas, while the EMA50 keeps providing the positive support to the price.
Therefore, these factors encourage us to keep our bullish overview on the intraday and short term basis, waiting to breach 0.7715 level to confirm opening the way to head towards 0.7833 level as a next main station, reminding you that holding above 0.7595 level represents key condition to continue the positive overview.
Expected trading range for today is between 0.7595 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
