The AUDUSD pair managed to breach 0.7120 level and settles above it now, which supports the expectations of continuing the bullish trend on the intraday basis, paving the way to head towards our next target at 0.7250.
Moving above the EMA50 supports the expectations to rise, which condition the price stability above 0.7044.
The expected trading range for today is between 0.7100 support and 0.7220
The expected trend for today: Bullish