The AUD/USD gathers the positive momentum – Analysis – 28/03/2022

aud_newsThe AUDUSD pair fluctuates within sideways track, settling above 0.7500 barrier, while stochastic attempts to gather the positive momentum, noticing that the EMA50 continues to support the price from below.

Therefore, the bullish trend will remain valid and active, which targets 0.7555 followed by 0.7600 levels as next main stations, reminding you that the continuation of the bullish wave depends on the price stability above 0.7420.

The expected trading range for today is between 0.7480 support and 0.7580 resistance

The expected trend for today: Bullish

Origin: Economies

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