The AUDUSD pair approached from retesting the previously breached neckline of the double bottom pattern that forms key support now at 0.7448, and settling above this level keeps the positive effect of the mentioned pattern active, which keeps our bullish trend expectations valid until now, waiting to visit 0.7595 as a first main station.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that breaking 0.7448 level will put the price under the correctional bearish pressure again, to start the negative targets by testing 0.7329 level again.
Expected trading range for today is between 0.7400 support and 0.7595
Expected trend for today: Bullish
Origin: Economies
