The AUDUSD pair succeeded to achieve our extended target at 0.7830 and settles near it, noticing that the price breache the bullish channel’s resistance that appears on chart, which hints the price is on its way to achieve more positive targets on the short term and medium term basis, waiting to head towards the psychological barrier at 0.8000 as a next main station.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that breaking 0.7805 level might push the price to test 0.7750 areas before any new attempt to rise.
Expected trading range for today is between 0.7750 support and 0.7950
Expected trend for today: Bullish
Origin: Economies
