The AUDUSD pair bounced upwards clearly after testing the bullish channel’s support, to keep the bullish trend scenario valid efficiently in the upcoming period, supported by the EMA50 that protects trading inside the mentioned channel, besides the positive signal provided now by stochastic.
Therefore, we are waiting for more rise today, as our next main target is located at 0.8125, while holding above 0.7936 represents key condition to achieve the waited targets.
Expected trading range for today is between 0.7940 support and 0.8100
Expected trend for today: Bullish