The AUDUSD pair rebounds bullishly after retesting the previously breached resistance of the correctional bearish channel, which supports the continuation of our bullish overview on the intraday and short term basis, and the price needs to breach 0.7604 level to ease the mission of heading towards our next target at 0.7739.
Therefore, the bullish bias will remain suggested in the upcoming sessions, supported by the EMA50, reminding you that breaking 0.7519 will stop the suggested rise and push the price to resume the correctional bearish trend again.
Expected trading range for today is between 0.7519 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
