The AUDUSD pair tested the key support 0.7210 level yesterday and kept its stability above it, noticing that stochastic begins to provide positive overlapping signal on the four hours’ time frame, reinforcing the chances of resuming the bullish trend in the upcoming sessions, which targets visiting 0.7329 level initially.
Therefore, we will keep our bullish trend expectations unless breaking 0.7210 level and holding below it, reminding you that breaching 0.7329 level will extend the pair’s gains to reach 0.7448 level as a next main station.
Expected trading range for today is between 0.7150 support and 0.7350
Expected trend for today: Bullish
Origin: Economies
