The AUDUSD pair broke 0.6770 level strongly to decline sharply and approach our main waited negative target at 0.6680, and we expect the continuation of the bearish bias affected by the previously completed head and shoulders’ pattern to surpass the mentioned level and head towards 0.6600 as a next negative station.
Therefore, the bearish trend scenario will remain valid and active unless the price rallied to breach 0.6820 and hold above it.
The expected trading range for today is between 0.6640 support and 0.6770 resistance
The expected trend for today: Bearish
Origin: Economies
