The AUDUSD pair begins to test the neckline of the inverted head and shoulders’ pattern that appears on the chart, waiting to breach this level to confirm rallying upwards towards our expected target at 0.7315, reminding you that the full target of the pattern reaches 0.7370.
Therefore, we will keep our bullish overview on the intraday basis conditioned by the price stability above 0.7140.
Expected trading range for today is between 0.7170 support and 0.7315
Expected trend for today: Bullish