The AUDUSD pair settles above the EMA50 that provides continuous positive support to the price, while stochastic starts the attempt to provide positive overlapping signal on the four hours’ time frame, which encourages us to continue suggesting the bullish trend in the upcoming sessions, waiting to head towards 0.7833 as a first main target.
Breaching the targeted level will extend the pair’s gains to reach 0.8115 as a next main target, while the bullish trend will remain valid and active unless breaking 0.7595 followed by 0.7575 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
