The AUDUSD pair fluctuates around the EMA50 keeping its stability below it, noticing that stochastic offers positive overlapping signal on the four hours’ time frame, which supports the continuation of our bullish overview in the upcoming period, targeting testing the bullish channel’s support at 0.7550 mainly.
Note that breaching 0.7720 followed by 0.7805 levels will stop the suggested bearish bias and lead the price to resume the main bullish trend on the short term basis.
Expected trading range for today is between 0.7600 support and 0.7800
Expected trend for today: Bearish
Origin: Economies
