The AUDUSD pair rallied upwards to complete forming bullish pennant pattern that appears on the chart, to resume the main bullish track, as it test the previously recorded high at 0.7555 now, and we expect to surpass this level to open the way to achieve additional gains that reach 0.7600.
Therefore, the bullish bias will be expected in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 0.7485.
The expected trading range for today is between 0.7500 support and 0.7600 resistance
The expected trend for today: Bullish
Origin: Economies
