The AUDUSD pair breached the bearish channel’s resistance clearly and turns to rise now, on its way to test 0.7615 level initially, noting that breaching this level will lead the price to achieve additional gains that extend to 0.7765 on the near term basis.
Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 0.7500 and holding below it again.
The expected trading range for today is between 0.7510 support and 0.7620 resistance
The expected trend for today: Bullish
Origin: Economies
