The AUDUSD price opens today’s trading with clear rise to breach the bearish channel’s resistance line and starts bullish correction for the decline measured from 0.6941$ to 0.6536$, to head towards testing 0.6632$ initially, noting that breaching this level will push the price towards 0.6691$ as a next positive station.
Therefore, the bullish bias will be suggested for today, noting that breaking 0.6565$ will stop the expected rise and push the price to resume the main bearish track again.
The expected trading range for today is between 0.6560$ support and 0.6660$ resistance
Trend forecast: Bullish
Origin: Economies
