The AUDUSD pair ended yesterday’s trading above the main bearish channel’s resistance that appears on chart, which turns into support now at 0.7635, which opens the way to turn the short term and medium term trend to the upside, waiting to head towards 0.7833 followed by 0.8115 levels as next main stations.
Therefore, the bullish trend will be suggested in the upcoming period supported by the EMA50, unless breaking 0.7635 followed by 0.7595 levels and holding below them.
Expected trading range for today is between 0.7595 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
