The AUDUSD price bounced bearishly to test the bullish channel’s support line that appears on the chart, starting today with bullish bias in attempt to resume the expected bullish trend on the intraday and short-term basis, which targets 0.6965$ followed by 0.7060$ levels mainly.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6890$.
The expected trading range for today is between 0.6880$ support and 0.6980$ resistance
Trend forecast: Bullish
Origin: Economies
