The AUDUSD pair provided new positive trades to reach the thresholds of the second waited target at 0.7400, to continue moving inside the bullish channels that appear on the chart, getting continuous positive support by the EMA50, waiting for more rise to head towards 0.7485 areas that represent the next target.
Therefore, the bullish trend will remain valid and active for the upcoming period, noting that breaking 0.7325 might press on the price to start correctional bearish wave that targets testing 0.7240 areas before any new attempt to rise.
The expected trading range for today is between 0.7320 support and 0.7440
The expected trend for today: Bullish
Origin: Economies
