The AUDUSD pair still stuck between the key support 0.7595 and the main bearish channel’s resistance that declines now to 0.7705, while the price keeps its stability inside the minor bullish channel that appears on chart, supported by the EMA50 that keeps carrying the price from below.
Therefore, we believe that the chances still valid to breach the above mentioned resistance, which will lead the price to extend its gains and target 0.7833 followed by 0.8115 levels as next main stations, taking into consideration that breaking 0.7595 level will form negative factor that provides initial signals to the price attempts to resume the bearish trend inside the medium term bearish channel.
Expected trading range for today is between 0.7555 support and 0.7800
Expected trend for today: Bullish
Origin: Economies
