The AUDUSD price provided positive trades to approach 0.6640 resistance line, and we suggest breaching this level to achieve additional positive targets that reach 0.6728$, as the price is affected by the previously completed inverted head and shoulders’ pattern.
Therefore, the bullish trend will remain valid and active for the upcoming period, supported by the EMA50, taking into consideration that breaking 0.6570$ will cancel the suggested positive formation and put the price under the negative pressure again.
The expected trading range for today is between 0.6580$ support and 0.6680$ resistance
Trend forecast: Bullish
Origin: Economies
