Yesterday AUD/USD fell strongly, falling below the 0.6300 level and briefly touching the expected second short target 0.6210. However, the AUD/USD is on the lower edge of the downtrend channel and there are signs of a bullish start, so my view on the AUD/USD today is more biased to the upside, with a bull target of 0.6405. However, if it breaks below 0.6200, then the AUD/USD may resume its downtrend. Today I expect AUD/USD to trade between 0.6190 and 0.6290.