The AUDUSD pair opens today’s trading with bullish bias to start the attempts to breach the bearish channel’s resistance that appears on the chart, which supports the continuation of our bullish overview for the upcoming period, as our first target is located at 0.7818, which breaching it represents the key to rally towards 0.7893.
The EMA50 supports the expected rise, which its continuation conditions holding above 0.7743.
Expected trading range for today is between 0.7700 support and 0.7860
Expected trend for today: Bullish