The AUDUSD pair opens today’s trading with additional positivity to approach our new target at 0.6930, expecting the continuation of the bullish bias to surpass this level and open the way to head towards 0.6985 as a next positive target.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA50, taking into consideration that holding above 0.6890 represents initial condition to continue the expected rise.
The expected trading range for today is between 0.6880 support and 0.6985 resistance
The expected trend for today: Bullish