The AUDUSD pair opens today's trading with clear positivity to move away from the bullish trend line that appears on chart, as the EMA50 managed to form good support to protect the price from suffering more losses, while stochastic begins to provide positive overlapping signals on the four hours' time frame.
Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday and short term basis, which its main targets begin at 0.8115 and extend to reach 0.8330, taking into consideration that breaking 0.7985 will stop the expected rise and push the price to start bearish correction on the intraday basis.
Expected trading range for today is between 0.7985 support and 0.8115
Expected trend for today: Bullish