The AUDUSD currency pair recorded positive movement in yesterday’s trading, edging closer to the 0.6500 threshold. Anticipation rests upon the accumulation of positive momentum, a factor poised to underpin the continuation of the upward trajectory, ultimately culminating in the attainment of the targeted pinnacle at 0.6545.
Consequently, the prevailing bullish scenario retains its vigor, a sentiment that garners support from the pair’s positioning above the EMA50. It is important to acknowledge, however, that breaching the 0.6400 level could serve as a decisive factor in halting the projected ascent, thereby redirecting the price towards a corrective descent.
The projected trading spectrum for the current day fluctuates between the support at 0.6425 and the resistance at 0.6520.
The anticipated trend for today aligns with a bullish orientation.