The AUDUSD pair provided sideways trading yesterday, while the EMA50 managed to form good support base that stopped the price recent negative attempts, which supports the continuation of the main bullish trend scenario, which its targets begin by turning back to the bullish channel that appears on chart through breaching 0.7660 level and holding above it, followed by rallying towards 0.7833 that represents the next main target of the current bullish wave.
Therefore, our positive overview will remain valid for the upcoming period conditioned by the price stability above 0.7595, noting that stochastic provides positive signal now to support the expected rise.
Expected trading range for today is between 0.7595 support and 0.7750
Expected trend for today: Bullish
Origin: Economies
