The AUDUSD pair returns to trade positively approaching from retesting 0.7448 level again, which urges caution from the upcoming trading, as breaching this level will complete forming the double bottom pattern that its signs appear on chart, which will lead the price to turn its intraday and short term track to the upside.
Until now, the bearish trend scenario will remain active in the upcoming sessions unless breaching 0.7448 level and holding above it, supported by stochastic and the EMA50 negativity, waiting to rebound bearishly to target 0.7329 level initially.
Expected trading range for today is between 0.7300 support and 0.7500
Expected trend for today: Bearish
Origin: Economies
