The AUDUSD pair bounced upwards strongly after testing the bullish channel’s support line yesterday, to succeed achieving our first waited target at 0.7200, which supports the continuation of the bullish trend scenario on the intraday and short term basis, noting that our next target reaches 0.7290.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.7120 followed by 0.7065 levels and holding below them, noting that the EMA50 keeps supporting the suggested bullish wave.
The expected trading range for today is between 0.7150 support and 0.7290
The expected trend for today: Bullish
Origin: Economies
