For any exponential function, f(x) = abx, the range is the set of real numbers above or below the horizontal asymptote, y = d, but does not include d, the value of the asymptote.
Overall, the steps for algebraically finding the range of a function are:
Write down y=f(x) and then solve the equation for x, giving something of the form x=g(y).
Find the domain of g(y), and this will be the range of f(x).
If you can't seem to solve for x, then try graphing the function to find the range.