The AUDUSD pair begins today’s trading with bullish bias after attacking the key support 0.7180, attempting to return to the bullish channel now, which keeps the chances valid to resume the recently suggested bullish trend, supported by stochastic positivity, waiting to test 0.7277 level initially.
We should note that breaking 0.7180 and holding below it will put the price under negative pressure that targets 0.7115 level as a first negative station.
Expected trading range for today is between 0.7140 support and 0.7300
Expected trend for today: Bullish