The AUDUSD pair fluctuates around 0.7150 level and shows bearish bias on its way to test the EMA50 initially, and it might extend to reach the intraday bullish channel’s support line before turning back to rise again.
Until now, the bullish trend scenaril still active depending on the price stability above 0.7044, waiting to head towards 0.7250 as a next main station.
The expected trading range for today is between 0.7080 support and 0.7220
The expected trend for today: Bullish