The AUDUSD pair bounced downwards clearly to approach testing the key support 0.6780 now, as it was affected by stochastic negativity, noticing that the indicator enters the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short-term basis, which targets testing 0.6924 as a next station.
Therefore, we will keep our positive overview conditioned by the price stability above 0.6780, as breaking this level represents negative factor that will push the price to return to the correctional bearish track again.
The expected trading range for today is between 0.6760 support and 0.6880 resistance
The expected trend for today: Bullish
Origin: Economies
