The AUDNZD price confirmed breaching the bearish channel’s resistance at 1.0543 for today, reinforcing the expected bullish attempts, forming a strong support by the breached resistance makes us expect forming bullish attempts, targeting several levels that are represented by 1.0655 and 1.0735.
The stability of the moving average 55 below the current support confirms the price confinement within the bullish range, and stochastic reach to the overbought level increases the chances for gaining the positive momentum to succeed
To achieve the suggested targets.
The expected trading range for today is between 1.0565 and 1.0655
The expected trend for today: Bullish.