The AUDUSD pair continued its positive trading to reach the key resistance at 0.7448, and as we mentioned in our last report, the price needs to breach this level to reinforce the expectations of continuing the bullish trend in the upcoming period, followed by pushing the price towards our next target at 0.7595.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis as long as the price is above 0.7329, supported by the EMA50, noting that stochastic current negativity might push the price for some temporary fluctuation until the indicators manages to gain enough positive momentum to push the price to achieve the required beach.
Expected trading range for today is between 0.7329 support and 0.7550
Expected trend for today: Bullish
Origin: Economies
