Analysis for 12-09-2023: The AUDUSD needs to gain momentum.

In order to keep the positive trend scenario valid and active, the AUDUSD pair maintains its stability above 0.6400 while anticipating a visit to 0.6545 as its next major objective.

Stochastic's current negativity prevents the price from rising, and it is waiting for positive momentum to build up in order to push the price toward the indicated goals. This is why maintaining above 0.6400 is a crucial requirement for the projected bullish wave to continue.

A trading range between 0.6390 support and 0.6490 resistance is anticipated for today.

Today's anticipated trend is bullish.