The AUDUSD pair continues to fluctuate at the key support 0.7595, noticing that last week’s close was achieved above this level, which keeps the chances valid to continue the recently suggested positive scenario, which gets continuous support by the EMA50, besides stochastic reach to the thresholds of the oversold areas.
Therefore, the bullish bias will be suggested in the upcoming sessions unless the price settled with a daily close below 0.7595 level, noting that breaching 0.7705 level will open the way to extend the bullish wave towards 0.7833 followed by 0.8115.
Expected trading range for today is between 0.7500 support and 0.7705
Expected trend for today: Bullish
Origin: Economies
