The AUDUSD pair faces contradicted factors, as it settles above 0.7205 and gets positive support by the EMA50, while stochastic shows negative signals that might press on the price to decline again.
Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 0.7205 will reactivate the main bearish trend scenario that its next target located at 0.7125, while breaching 0.7275 resistance represents the key to achieve additional gains that reach 0.7340.
The expected trading range for today is between 0.7180 support and 0.7275 resistance
The expected trend for today: Neutral
Origin: Economies
