The AUDUSD price breached 0.6640$ level clearly and rallied upwards to reach 0.6700$ barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, affected by the inverted head and shoulders’ pattern, organized inside the bullish channel that appears on the chart, reminding you that our waited target is located at 0.6728$, which breaching it represents the key to head towards 0.6780$ as a next positive station.
The EMA50 keeps supported the suggested bullish wave, which will remain valid unless breaking 0.6640$ and holding below it.
The expected trading range for today is between 0.6650$ support and 0.6750$ resistance
Trend forecast: Bullish
Origin: Economies
