The AUDUSD pair retested the previously breached resistance level for the minor bearish channel that appears in the image and bounced higher clearly from there, to resume its bullish track and approaches from the main bullish channel, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, and its main target located at 0.7833.
The EMA50 keeps supporting the suggested bullish wave, reminding you that holding above 0.7595 represents the most important condition for the expected rise continuation.
Expected trading range for today is between 0.7615 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
