The AUDUSD pair resumed its bullish rally to attack 0.7700 level and attempts to breach it, as it managed to close the candlestick above it, to add more confirmation to the continuation of the bullish trend in the upcoming period, which gets continuous positive support by the EMA50.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, and the way is open to target 0.7833 level as a next main station, reminding you that breaching this level will extend the pair’s gains to reach 0.8115, while the price needs to hold above 0.7595 level to guarantee achieving the suggested targets.
Expected trading range for today is between 0.7625 support and 0.7833
Expected trend for today: Bullish
Origin: Economies
