The AUDUSD price trades with clear negativity to break the bullish channel’s support line and head towards potential test to the key support 0.6728$, while the EMA50 forms good support against the price, to protect the overall positive scenario, waiting to resume the bullish trend that its next target located at 0.6870$.
Therefore, we will continue to suggest the main bullish trend conditioned by the price stability above 0.6728$, noting that stochastic shows positive signals that support the chances of resuming the rise in the upcoming sessions.
The expected trading range for today is between 0.6720$ support and 0.6820$ resistance
Trend forecast: Bullish
Origin: Economies
