The AUDUSD pair managed to touch our waited negative target at 0.6665 and bounced upwards from there, to settle above the bullish channel’s support line that appears on the chart, which hints heading to resume the bullish track within this channel, on its way to achieve positive targets that start at 0.6780 and extend to 0.6900 after surpassing the previous level.
Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 0.6665 will stop the expected rise and push the price to suffer more losses on the intraday basis.
The expected trading range for today is between 0.6660 support and 0.6765 resistance
The expected trend for today: Bullish
Origin: Economies
