The AUDUSD price opened today with clear positivity to touch our waited target at 0.6322$, which represents 23.6% Fibonacci correction level for the decline from 0.6942$ to 0.6130$, which means that breaching it will push the price to visit the next correctional level at 0.6440$.
The EMA50 supports the price from below to reinforce the chances of continuing the rise in the upcoming sessions, taking into consideration that failing to breach 0.6322$ will push the price to rebound bearishly and start bearish wave that targets 0.6235$ areas initially.
The expected trading range for today is between 0.6270$ support and 0.6370$ resistance
Trend forecast: Bullish
Origin: Economies
