The Australian dollar versus the US dollar made a clear breach of the 0.6407 level and is trying to stabilize above it, which provides signals on the price trend to achieve more Of gains over the coming period.
The bullish view supports SMA 50 which carries the price from below, so we recommend the bullish bias to continue during the upcoming sessions and head towards 0.6500 levels Then 0.6685 as the next major stops.
Therefore, the bullish trend will be expected for the rest of the day unless the 0.6407 level is broken and stability below it is done again.
The expected trading range for today is between 0.6400 support and 0.6520 resistance
Expected trend for today: bullish
