The AUDUSD pair opens today’s trading with clear positivity to breach the correctional bearish channel and attempts to hold above it, to stop the recently suggested negative scenario and head towards achieving expected gains in the upcoming sessions, targeting testing 0.6780 level initially.
Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, taking into consideration that breaking 0.6665 will stop the expected rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 0.6660 support and 0.6780 resistance
The expected trend for today: Bullish