The AUDUSD pair rallied upwards strongly yesterday to surpass our first target at 0.7604 but it couldn’t hold with a daily close above it, to fluctuate below it now, waiting to get strong positive momentum that supports the chances of confirming breaching the mentioned level followed by heading towards our next target at 0.7740.
In general, the bullish trend scenario will remain active for the upcoming period unless breaking 0.7519 level and holding below it, noting that the EMA50 keeps supporting the suggested bullish wave.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
Origin: Economies
