The AUDUSD pair ended yesterday above 0.5786, and started today with strong rise to reach 0.5958, which hints the price head to achieve more expected bullish correction on the intraday and short term basis, especially that the price shows signs of double bottom pattern that appears on the chart, noting that breaching 0.5958 will push trades towards 0.6097 direct.
Therefore, the bullish trend will be expected for today, noting that breaking 0.5786 will stop the positive scenario and presses on the price to decline again.
The expected trading range for today is between 0.5800 support and 0.6030
The expected trend for today: Bullish
Origin: Economies
