The AUDUSD starts with positive trading and moves above 0.7200, consolidating expectations for a continuation of the bullishness over the intraday basis, supported by the 50 SMA, awaiting a visit to 0.7335 as the next target.
The continuation of the expected bullish wave depends on stability above 0.7145.
The trading range for today is expected among the support at 0.7160 and resistance at 0.7300
Support and resistance:
Support: 0.7142-0.7044
Resistance: 0.7243-0.7300
The general trend for today is bullish