The AUDUSD pair is currently experiencing positive trading, moving away from the 0.6400 level. This price action supports the continuation of the expected bullish trend on an intraday basis. Notably, our anticipated price targets start at 0.6490, followed by 0.6545.
The presence of the EMA50 further bolsters the suggested bullish wave, which will continue to hold as a valid scenario as long as the price remains above 0.6400.
Today’s projected trading range is expected to fluctuate between the support level at 0.6390 and the resistance level at 0.6480.
The prevailing trend for today is anticipated to be bullish.