The AUDUSD pair rallied upwards clearly to complete forming the inverted head and shoulders’ pattern and opens the way to achieve more expected gains in the upcoming sessions, targeting 0.7205 followed by 0.7275 levels as main positive stations.
Therefore, the bullish bias will be suggested on the intraday basis, supported by the EMA50 that carries the price from below, noting that holding above 0.7125 is important to continue the expected rise.
The expected trading range for today is between 0.7125 support and 0.7220 resistance
The expected trend for today: Bullish
Origin: Economies
