The AUDUSD price faced negative pressure yesterday to break 0.6728$ and settle below it, but we notice that the price begins today with bullish bias in attempt to resume the bullish track again, as it gets positive support by the EMA50, while stochastic overlaps positively now, to motivate the price to provide more expected positive trades in the upcoming sessions.
Therefore, we expect to witness positive trades on the intraday basis, and breaching 0.6728$ is required to reinforce the chances of rallying towards 0.6800$ as a next main target, noting that failing to achieve the required breach will push the price to achieve additional decline and test 0.6640$ areas before any new attempt to rise.
The expected trading range for today is between 0.6670$ support and 0.6775$ resistance
Trend forecast: Bullish
Origin: Economies
