AUD/USD Price Analysis
Expected Scenario
The AUD/USD pair began today positively by breaching the $0.6728 level and attempting to hold above it, reinforcing the expectation of a continued bullish trend on both the intraday and short-term basis. This movement sets the stage for additional gains, potentially reaching $0.6800.
Supporting Factors
The EMA50 (Exponential Moving Average) continues to support the suggested bullish wave. However, if the price fails to consolidate above $0.6728, it may come under negative pressure, possibly pushing it down to $0.6640 before any new positive attempt.
Expected Trading Range
The anticipated trading range for AUD/USD today is between the $0.6690 support level and the $0.6790 resistance level.
Trend Forecast
The trend forecast for AUD/USD remains bullish.
