The AUDUSD pair resumes its negative trading to approach the bearish channel’s support line that represents our first waited target at 0.6430, expecting the continuation of the negative pressure to achieve more negative targets that extend to 0.6230.
Therefore, we will keep our bearish overview that gets continuous support by the EMA50, noting that holding below 0.6565 represents initial condition to continue the suggested decline.
The expected trading range for today is between 0.6380 support and 0.6520
The expected trend for today: Bearish
Origin: Economies
