The AUDUSD pair ended yesterday’s trading below 0.7448 level, but we notice that the price forms bullish technical pattern appears in the above chart, and its confirmation level at 0.7495, which means that breaching this level will lead the price to resume the bullish trend that its first target located at 0.7595.
Therefore, we will keep our bullish trend expectations in the upcoming period unless breaking 0.7395 level and holding below it, where breaking this level will push the price to test 0.7329 level before detecting the next trend.
Expected trading range for today is between 0.7360 support and 0.7560
Expected trend for today: Bullish
Origin: Economies
