The AUD/USD currency pair has been exhibiting sideways movement in recent sessions, particularly around the EMA50 (Exponential Moving Average 50), which is currently providing significant support. It is worth noting that the stochastic indicator is displaying a clear gathering of positive momentum.
Given these indications, there appears to be a favorable opportunity for the resumption of the anticipated bullish trend on an intraday basis. It’s important to remember that our target level is set at 0.6545, with the condition that the pair maintains its position above 0.6400.
For today’s trading outlook, the expected range is defined by support at 0.6440 and resistance at 0.6545.
The prevailing trend for today is anticipated to be bullish.