The AUDUSD price traded with clear negativity yesterday, as it broke the intraday bullish channel’s support line to achieve some bearish correction, noticing that the price begins today with clear rise, motivated by stochastic current positivity, which supports the chances of resuming the main bullish trend, which its next main target reaches 0.6965$.
Therefore, we expect to witness positive trades in the upcoming sessions, taking into consideration that failing to consolidate above 0.6840$ will push the price to achieve more bearish correction that its next targets reach 0.6800$ followed by 0.6765$.
The expected trading range for today is between 0.6800$ support and 0.6900$ resistance
Trend forecast: Bullish
Origin: Economies
