The AUDUSD pair rallies upwards sharply by today’s opening to approach from 0.7900 barrier now, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to test the psychological barrier at 0.8000.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 0.7805, noting that stochastic provides positive signals that add more support to the bullish trend expectations.
Expected trading range for today is between 0.7805 support and 0.8000
Expected trend for today: Bullish
Origin: Economies
