The AUDUSD pair returns to test the critical support 0.7595, which urges caution from the upcoming trading, as the continuous pressure on this level might cause potential break and change at the intraday and short term trend to the downside, noting that confirming the break by getting daily close below the mentioned level will push the price to start bearish wave that its main targets begin at 0.7448 followed by 0.7329.
Until now, the overall bullish trend scenario still valid as long as the price is above 0.7595, supported by stochastic reach to the oversold areas, and the price needs to breach 0.7700 level to confirm opening the way to head towards our positive targets that begin at 0.7833 and extend to 0.8115.
Expected trading range for today is between 0.7550 support and 0.7750
Expected trend for today: Bullish4
Origin: Economies
