The AUDUSD pair is testing the intraday bullish channel’s support line and consolidates above it, waiting to resume the positive trades to head towards our expected positive target at 0.6345, supported by stochastic positivity.
The EMA50 carries the price from below to reinforce the expectations to rise, which will remain valid unless breaking 0.6400 and holding with a daily close below it.
The expected trading range for today is between 0.6390 support and 0.6490 resistance
The expected trend for today: Bullish
Origin: Economies
