The AUDUSD price managed to achieve our first positive target at 0.6795$ and bounced downwards strongly from there, to test the intraday bullish channel’s support line that appears on the chart, noticing that the price begins to provide clear positive trades now, to support the chances of resuming the main bullish trend, which its next target reaches 0.6870$.
Stochastic provides positive signals that support the expectations to rise in the upcoming sessions, noting that breaking 0.6728$ will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 0.6740$ support and 0.6840$ resistance
Trend forecast: Bullish
Origin: Economies
