The AUDUSD pair leaned on the main bullish channel’s support line and bounced bullishly to attempt to start new bullish wave, which makes us suggest surpassing 0.7765 level and open the way to achieve more gains in the upcoming period, making the bullish bias expected on the intraday and short term basis, noting that the next main target reaches 0.7890.
Stochastic negativity might hinder the price’s mission to rise, taking into consideration that breaking 0.7725 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 0.7620 support and 0.7820 resistance
The expected trend for today: Bullish
Origin: Economies
