AUD/USD Price Analysis
Expected Scenario
The AUD/USD pair closed above the 0.6640 level yesterday, setting the stage for anticipated gains in the upcoming sessions. The day has begun with a bullish bias, reinforcing the prevailing bullish trend on an intraday basis, with a primary target of 0.6728.
The outlook remains positive as long as the price stays above 0.6640. A break below this level and holding beneath it would invalidate the bullish scenario.
Expected Trading Range
Traders can expect the AUD/USD pair to trade within a range of 0.6620 support to 0.6720 resistance.
Trend Forecast
The forecast for the AUD/USD remains bullish, contingent on maintaining levels above the key support.
Investors and traders should monitor these levels closely as they engage with today’s forex market.
