The AUDUSD pair did not show any strong move yesterday, to continue fluctuating around the EMA50, settling above it, while stochastic continues to provide the positive signals on the four hours’ time frame.
Therefore, these factors encourage us to keep our expectations of the temporary rise that targets 0.7595 and might extend to 0.7655 levels, reminding you that breaking 0.7448 level will stop the positive possibility and push the price to resume the main bearish trend again.
Expected trading range for today is between 0.7448 support and 0.7655
Expected trend for today: Temporarily bullish
Origin: Economies
