The AUDUSD pair could not manage to breach 0.7765 level, to trade with clear negativity and press on the main bullish channel’s support line, to hint the attempt to return to the correctional bearish trend, but we need a confirmed break to 0.7720 to activate the negative scenario that its targets begin at 0.7615.
Therefore, we will stay aside temporarily until the price confirms its situation according to the mentioned support line and 0.7765 resistance, noting that breaching this resistance will push the price to resume the main bullish trend that its next target located at 0.7890.
The expected trading range for today is between 0.7660 support and 0.7800 resistance
The expected trend for today: Neutral
Origin: Economies
