The AUDUSD pair resumed its negative trades strongly to succeed achieving our first waited target at 0.6820, noticing that the price breaks this support to confirm extending the bearish wave towards 0.6680 as a next main station.
Therefore, we are waiting for more expected decline on the intraday and short term basis, affected by the head and shoulders’ pattern that appears on the chart, noting that the continuation of the bearish wave requires holding below 0.6820 and the most important below 0.6910.
The expected trading range for today is between 0.6740 support and 0.6860 resistance
The expected trend for today: Bearish
Origin: Economies
