The AUDUSD pair faced negative pressure in the previous sessions to move around the EMA50, noticing that the recent tades are confined inside an intraday bullish channel that appears on the chart, and stochastic begins to overlap positively now, to motivate the price to attempt to rise again and return to the main bullish channel.
Therefore, we suggest witnessing positive trades in the upcoming sessions conditioned by the price stability above 0.7125, noting that the next main target reaches 0.7290.
The expected trading range for today is between 0.7100 support and 0.7240
The expected trend for today: Bullish
Origin: Economies
