The AUDUSD price settles around 0.6270$ level since yesterday, noticing that stochastic gits rid of its negative momentum on the four hours’ time frame, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 0.6322$ as a next station.
The continuation of the bullish wave requires holding above 0.6225$, as breaking this level represents negative factor that will push the price to return to the main bearish track again.
The expected trading range for today is between 0.6230$ support and 0.6330$ resistance
Trend forecast: Bullish
Origin: Economies
