The AUDUSD rallyed to the 0.7145 level, which is now important support, to resume its positive trading session and approach our awaited first target at 0.7200, awaiting further upside in the short term with our next target at 0.7335.
The SMA 50 is a resistance to the price, so if this level is breached we are likely to see further gains on price action
Therefore, we will continue to tilt the bullish trend during the coming period provided stability above 0.7145.
The trading range for today is expected among the support at 0.7120 and resistance at 0.7270
The general trend for today is bullish