The AUDUSD pair’s recent trades are confined within minor bearish channel that we believe it forms bullish flag pattern, thus, breaching 0.6630 will activate the positive effect of this pattern and push the price to resume the bullish trend, which its targets begin by breaching 0.6660 to open the way to visit 0.6700 followed by 0.6780 levels.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.6545 and holding below it.
The expected trading range for today is between 0.6560 support and 0.6660 resistance
The expected trend for today: Bullish
Origin: Economies
