The AUDUSD pair tested the EMA50 that forms intraday support base now after breaching it previously, showing bullish bias that hints the continuation of the temporary rise mentioned yesterday, which targets testing 0.7595 level mainly, noting that stochastic gets rid of its negativity clearly to support the suggested rise.
Therefore, we will keep our positive overview on the intraday basis unless the price managed to break 0.7448 level and hold below it, which will lead the price to return to resume the main bearish trend that its next target located at 0.7329.
Expected trading range for today is between 0.7448 support and 0.7665
Expected trend for today: Temporarily bullish
Origin: Economies
