The (AUDUSD) price settled on gains in its last intraday trading, after it attempted to recover some of its previous losses, and offloading its clear oversold condition on the (RSI), amid its affection by exiting bullish correctional channel, with the continuation of the negative pressure due to its trading below EMA50, and under the domination of the main bullish trend.

Therefore, our expectations suggest a rise in the (AUDUSD) in its upcoming intraday trading, especially when breaching the mentioned resistance at 0.6435, to target the key resistance at 0.6500.

The expected trading range is between 0.6390 support and 0.6480 resistance.

Todays forecast: Bullish

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