The AUDUSD pair showed clear breach to 0.7600 level and settled with a daily close above it, which stops the negative overview suggested in our previous reports and reactivate the positive scenario on the short term basis, opening the way to head towards 0.8060 as a next main station, as the price gets positive motive offered by stochastic on the daily time frame.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 0.7600 level and holding below it, as this break will push the price to attempt to test 0.7415 level again before any new attempt to rise.
Expected trading range for today is between 0.7550 support and 0.7750
Expected trend for today: Bullish
Origin: Economies
