The AUDUSD price faced clear negative pressure yesterday and approached 0.6570 level, which represents the breached neckline of the double bottom pattern, and the price is getting positive support by the EMA50, to keep the bullish trend scenario active for the upcoming period, reminding you that our targets begin by breaching 0.6640 to head towards 0.6728 as a next positive station.
In general, the bullish trend scenario will remain valid conditioned by the price stability above 0.6570.
The expected trading range for today is between 0.6570 support and 0.6665 resistance
Trend forecast: Overall bullish
Origin: Economies
