The AUDUSD pair’s recent decline stopped at 0.7070, and bounced upwards to settle above 0.7100 barrier now, as it tests the EMA50, organized inside an intraday bullish channel that appears on the chart.
These factors encourage us to suggest the bullish bias in the upcoming sessions, targeting visiting 0.7250 level mainly, taking into consideration that the continuation of the expected bullish wave depends on the price stability above 0.7080 and the most important above 0.7044 levels.
The expected trading range for today is between 0.7080 support and 0.7220
The expected trend for today: Bullish