The AUDUSD pair extended its negative trading to move inside minor bearish channel that appears on chart, and we believe that this channel forms bullish flag pattern that we expect to push the price to resume the main bullish trend, and the price needs to breach 0.7670 to activate the positive effect of this pattern followed by continuing to rise.
Stochastic provides positive signals now, which forms positive motive that we are waiting to allow the price to achieve the required breach and head towards our next main target at 0.7740, reminding you that the continuation of the bullish trend depends on holding above 0.7604.
Expected trading range for today is between 0.7605 support and 0.7740
Expected trend for today: Bullish
Origin: Economies
