The AUDUSD price traded with strong negativity yesterday to surpass 0.6300$ level and succeed achieving our extended target at 0.6210$, noticing that the price leans on the bearish channel’s support line and hint the attempt to start bullish wave on the intraday basis, making the bullish bias suggested in the upcoming sessions, targeting visiting the mentioned channel’s resistance line around 0.6405$.
Therefore, we expect to witness positive trades today, noting that breaking 0.6200$ will stop the suggested bullish wave and lead the price to resume the main bearish track again.
The expected trading range for today is between 0.6190$ support and 0.6290$ resistance
Trend forecast: Bullish
Origin: Economies
