The AUDUSD pair bounced bearishly to approach the key support 0.6545, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend scenario active.
Stochastic shows positive signals that support the chances of resuming the expected bullish wave on the intraday basis, which its next main target located at 0.6660, noting that breaking 0.6545 will push the price to turn to decline and open the way to head towards 0.6460 followed by 0.6400 areas as main negative targets.
The expected trading range for today is between 0.6520 support and 0.6620 resistance
The expected trend for today: Bullish
Origin: Economies
