The AUD/USD pair is exhibiting renewed positive momentum, successfully reaching the initial extended target at 0.6840. Further upward movement is anticipated, targeting additional gains up to 0.6925.
The well-defined bullish channel is instrumental in guiding this upward trajectory, enjoying robust support from the EMA50. It’s crucial for the continuation of the bullish trend that the price remains stable above 0.6780.
The expected trading range for today is anticipated between the support at 0.6790 and the resistance at 0.6895.
Today’s Trend Expectation: Bullish