The AUDUSD pair broke 0.7790 level and settled below it, but it found solid support base formed by the EMA50 at 0.7720, accompanied by stochastic entering the oversold areas and starting to form positive overlapping signal.
Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday and short term basis, which its next main target located at 0.8000, noting that breaking 0.7720 level and holding below it will push the price to test 0.7535 followed by 0.7470 levels before any new attempt to rise.
Expected trading range for today is between 0.7680 support and 0.7900
Expected trend for today: Bullish
Origin: Economies
