The AUDUSD pair shows some bearish bias heading towards testing the key support 0.7595, as the price found difficulty to breach the main bearish channel’s resistance, while the minor bullish channel still carrying the intraday and short term trades, supported by the EMA50.
Therefore, we will keep our bullish overview for the upcoming period, which its continuation requires two main conditions: the first one is breaching 0.7225 level and holding with a daily close above it to confirm opening the way to head towards 0.7323 as a next main station, and the second is holding above 0.7595 level.
Expected trading range for today is between 0.7595 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
