The AUDUSD pair returns to fluctuate between the key levels represented by 0.7595 support and the main bearish channel’s resistance that declines now to 0.7640, thus, we will continue with our neutrality until the price manages to breach one of these levels to detect its next targets clearly.
As we mentioned in our recent reports, breaking the mentioned support will push the price to resume trading inside the mentioned bearish channel followed by targeting 0.7448 then 0.7329 levels initially, while breaching the resistance will lead the price to turn its short term and medium term track to the upside, to begin the positive targets at 0.7833 and extend to 0.8115.
Expected trading range for today is between 0.7500 support and 0.7710
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
