The AUDUSD pair faced negative pressure on last Friday but it begins today with bullish bias that hitns the attempt to resume the expected bullish trend for the upcoming period, supported by stochastic move near the oversold areas, waiting for more rise to visit 0.7250 that represents our next main target.
We should note that the continuation of the negative pressure and breaking 0.7044 will stop the expected bullish trend and push the price to decline on the intraday and short term basis.
The expected trading range for today is between 0.7045 support and 0.7170
The expected trend for today: Bullish