The last decline of the AUDUSD pair stopped at the bullish channel’s support that appears in the image, where the price leaned well above this level and begins to provide bullish rebound signals from there, supported by stochastic and the EMA50 positivity.
Therefore, these factors encourage us to keep our bullish trend expectations in the upcoming sessions, waiting for targeting 0.7833 level mainly, taking into consideration that breaking 0.7680 level will push the price to target the most important support level for the short term trading at 0.7595 before any new attempt to rsie.
Expected trading range for today is between 0.7600 support and 0.7833
Expected trend for today: Bullish