The Australian dollar versus the US dollar breached the 0.6315 level and ended yesterday's trading above it, to start the day with an upward trend approaching the level of 0.6400, to retest the broken uptrend as shown in the drawing.
Thus, failure to breach 0.6407 will stop the rise and press the price to drop again and retest 0.6315 levels, and success to break this level opens the way for the continuation of the drop to 0.6236 levels.
Penetrating the level 0.6440 is the key to the rally towards achieving more gains that reach 0.6685 in the short term.
The expected trading range for today is between 0.6236 support and 0.6400 resistance
Expected tendency: Bearish towards stability below 0.6440
