The AUDUSD pair shows positive trades to head towards testing the bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, waiting to resume the main bearish wave that targets 0.6700 followed by 0.6640 levels as next main stations.
Holding below 0.6810 is important to continue the negative scenario, as breaching it will push the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 0.6700 support and 0.6810 resistance
The expected trend for today: Bearish
Origin: Economies
