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Today, July 17, 2024 – The AUDUSD price recently tested the $0.6728 level but maintained stability above it, supported by positive signals from the stochastic indicator. This suggests potential momentum to resume the anticipated bullish trend on an intraday basis, targeting levels around $0.6790 and subsequently $0.6870.
A well-defined bullish channel continues to guide this upward movement, contingent upon the price holding above key support levels at $0.6728 and $0.6700.
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Today’s expected trading range is projected between support at $0.6700 and resistance at $0.6790.
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Trend Forecast: Bullish
