The AUDUSD pair shows some bearish bias after reaching 0.6780 level, affected by stochastic negativity, noticing that the indicator gains the positive momentum clearly, waiting to motivate the price to resume the positive trades and surpass the mentioned level to head towards 0.6925 areas that represent our next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 that carries the price from below, taking into consideration that breaking 0.6725 will push the price to test the key support areas around 0.6665 before any new attempt to rise.
The expected trading range for today is between 0.6700 support and 0.6820 resistance
The expected trend for today: Bullish
Origin: Economies
