The AUDUSD pair tested 0.7595 yesterday and found solid resistance there, which pushed the price to decline and break the intraday bullish trend line that appears on chart, which pushes the price to provide some temporary negative trades, but we notice that the EMA50 forms good support base around 0.7520 to protect the price from suffering more losses, while stochastic reaches the oversold areas now.
Therefore, these factors encourage us to suggest the bullish trend in the upcoming sessions, waiting to breach 0.7595 level to confirm opening the way to head towards 0.7833 as a next main station, noting that breaking 0.7520 will push the price to test 0.7448 level before any new attempt to rise.
Expected trading range for today is between 0.7500 support and 0.7650
Expected trend for today: Bullish
Origin: Economies
