The AUDUSD pair ended yesterday below 0.6820 level, confirming the continuation of the bearish trend domination on the intraday and short term basis, waiting to visit 0.6680 as a next negative target.
The negative effect of the head and shoulders’ pattern still active and supports the continuation of the bearish trend, which will remain valid conditioned by the price stability below 0.6820.
The expected trading range for today is between 0.6720 support and 0.6830 resistance
The expected trend for today: Bearish
Origin: Economies
