The AUDUSD price provided negative trades yesterday to reach 0.6760$ level, noticing that the recent decline is confined within minor bearish channel that we believe it forms bullish flag pattern, which means that breaching 0.6780$ will provide positive motive that pushes the price to resume the main bullish trend and open the way to achieve new positive targets that extend to 0.6870$.
Stochastic provides positive signals that support the chances of activating the above mentioned positive pattern, making the bullish bias suggested for today unless breaking 0.6728$ and holding below it.
The expected trading range for today is between 0.6740$ support and 0.6840$ resistance
Trend forecast: Bullish
Origin: Economies
