The AUDUSD pair begins the breaching process to the key resistance 0.7448 and attempts to hold above it, which completes forming the positive pattern mentioned in our recent reports represented by the double bottom that appears on chart, to head towards turning the intraday and short term track to the upside, supported by the positive signal that appears on stochastic on the four hours’ time frame.
Therefore, the bullish trend will be suggested in the upcoming sessions supported by moving above the EMA50, noting that the first main target is located at 0.7595, while the expected rise will remain valid unless breaking 0.7448 level and holding below it.
Expected trading range for today is between 0.7400 support and 0.7595
Expected trend for today: Bullish
Origin: Economies
