The AUDUSD pair opens today’s trading with strong negativity after approaching from 0.7800 barrier yesterday, to move near the key support 0.7595 now, and as we mentioned in our previous reports, the price needs to hold above this level to continue the bullish trend scenario in the upcoming period, as breaking it represents the key to return to the correctional bearish track again.
Therefore, we are waiting for bullish rebound in the upcoming sessions, and the main targets begin at 0.7833 and extend to 0.8115, noting that stochastic attempts to get rid of its negativity and gain enough positive momentum to push the price to rise again.
Expected trading range for today is between 0.7520 support and 0.7833
Expected trend for today: Overall Bullish
Origin: Economies
