The AUDUSD price shows some bearish bias after testing the EMA50 in the previous sessions, noticing that stochastic got rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the expected bullish correction for the upcoming period, which its targets begin at 0.6632$ and extend to 0.6691$ after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.6550$ – 0.6536$ levels and holding below them.
The expected trading range for today is between 0.6540$ support and 0.6650$ resistance
Trend forecast: Bullish
Origin: Economies
