AUDUSD Price Analysis
The AUDUSD price experienced a strong rally yesterday, breaking above the $0.6640 level and settling above it. This breakout has halted the previous negative scenario and signals a potential upward movement in the upcoming sessions, targeting areas around $0.6728 as the next main station.
Expected Scenario
A bullish bias is suggested for the upcoming period, with the caveat that breaking below $0.6640 could halt the expected rise and lead to a decline.
Expected Trading Range for Today
- Support: $0.6620
- Resistance: $0.6720
Trend Forecast: Bullish
The AUDUSD pair is expected to continue its bullish trend, supported by recent gains and technical indicators pointing towards further upward movement.
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