The AUDUSD pair rallied upwards strongly yesterday to breach 0.7130 followed by 0.7230 levels and settles above it, to turn to rise in the upcoming sessions, expecting to head towards 0.7310 as a next positive target.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 0.7230 and holding below it will stop the expected positive scenario and press on the price to decline again.
The expected trading range for today is between 0.7190 support and 0.7300 resistance
The expected trend for today: Bullish
Origin: Economies
