The AUDUSD price faced new negative pressure yesterday, as it reached the recently recorded low at 0.6620$, noticing that the price begins to recover and attempts to build bullish wave from these areas, to head towards achieving positive targets that start at 0.6697$ and extend to 0.6744$ after breaching the previous level.
Stochastic provides positive signals that support the expectations to rise, taking into consideration that breaking 0.6620$ will stop the positive scenario and push the price to resume the main bearish track.
The expected trading range for today is between 0.6600$ support and 0.6700$ resistance
Trend forecast: Bullish
