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The AUDUSD price experienced recent downward pressure in previous sessions but maintained consolidation above the $0.6728 level. Today, it has shown a renewed bullish bias, aiming to resume its upward momentum, supported by clear stochastic positivity. The immediate targets for this bullish trend are set at $0.6790 and could extend to $0.6870.
Sustaining levels above $0.6728 and $0.6700 will be critical for the continuation of this upward movement. However, a break below these levels would likely reverse the trend, potentially pushing the price down towards $0.6640 initially.
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Today’s anticipated trading range spans from support at $0.6700 to resistance at $0.6790.
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Trend Forecast: Bullish
