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The AUD/USD pair starts today with clear negative momentum, approaching the key support level at $0.6728. This development urges caution in upcoming trading, as maintaining above this level is crucial to keep the bullish trend scenario active, with the next target located at $0.6870.
The stochastic indicator is showing oversold signals, supporting the likelihood of a bullish bounce and a potential rise. However, breaking below $0.6728 would halt the bullish wave and place the price under correctional bearish pressure on an intraday basis.
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The expected trading range for today is between $0.6710 support and $0.6800 resistance.
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Trend Forecast: Bullish
