The AUDUSD pair could not manage to confirm breaching the key resistance that declines now to 0.7650, to keep trading stuck between the mentioned resistance and 0.7595 support, which makes us continue with our neutrality until the price succeeds to confirm breaching one of the mentioned levels to detect the next destination clearly.
The contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, reminding you that breaking 0.7595 support will push the price to resume its main bearish track on the short term and medium term basis to target 0.7448 followed by 0.7329 levels mainly, while breaching 0.7650 resistance represents the key of turning the trend upwards, to begin the positive targets at 0.7833 and extend to 0.8115.
Expected trading range for today is between 0.7500 support and 0.7740
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
