The AUDUSD pair faces solid resistance formed by the EMA50 at 0.7635, which shows the price need to breach this level to confirm the continuation of the bullish trend on the intraday and short term basis, noting that stochastic begins to overlap positive to provide good motive that we are waiting to achieve the required breach.
In general, we will continue to suggest the bullish trend in the upcoming sessions conditions by the price stability above 0.7595 level, noting that breaching the main resistance at 0.7695 will confirm opening the way to extend the positive targets on the short term basis to reach 0.7833 then 0.7970.
Expected trading range for today is between 0.7550 support and 0.7750
Expected trend for today: Bullish
Origin: Economies
