The AUDUSD pair retested the previously breached resistance that turns into support now at 0.7610 and keeps its stability above it, accompanied by stochastic reach to the oversold areas, which supports the chances of bouncing upwards to resume the bullish trend on the intraday and short term basis, as the price is testing the EMA50 that forms intraday resistance at 0.7640.
Therefore, the bullish trend will remain suggested in the upcoming sessions conditioned by the price stability above 0.7610 and 0.7595 levels, reminding you that our waited targets begin at 0.7833 and extend to 0.8115.
Expected trading range for today is between 0.7595 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
