The Australian dollar versus the US dollar begins today's trading with a noticeable negativity, approaching the test of the support floor that was formed at 0.7575 after it was previously breached, and we notice that the price is moving within the upside channels that appear on the image, which supports the chances of resuming the main bullish trend.
Therefore, we will continue suggesting the overall bullish trend, whose next target is at 0.7700, bearing in mind that breaking 0.7575 then 0.7510 will stop the expected rise and pressurize the price to achieve more decline and visit 0.7415 areas before returning to rise again.
The expected trading range for today is between 0.7540 support and 0.7670 resistance
The expected trend for today: overall bullish