The AUDUSD pair ended yesterday’s trading above 0.7448 level, to add more confirmation to the continuation of the bullish trend on the intraday and short term basis, waiting to target 0.7595 level initially.
Stochastic attempts to get rid of its negativity and gather positive momentum on the intraday time frames to support the suggested positive scenario, while the EMA50 continues to provide the support to the suggested bullish wave, reminding you that holding above 0.7329 represents key condition to the continuation of the expected rise.
Expected trading range for today is between 0.7390 support and 0.7595
Expected trend for today: Bullish
Origin: Economies
