The AUDUSD pair provided additional negative trades yesterday to approach our extended target at 0.6420, showing some temporary bullish bias affected by stochastic positivity, while the bearish channel keeps organizing the bearish wave that supports the chances of continuing the decline to head towards achieving more negative targets that reach 0.6350.
Therefore, the bearish trend scenario will remain dominant unless the price rallied to breach 0.6580 and hold above it.
The expected trading range for today is between 0.6400 support and 0.6520 resistance
The expected trend for today: Bearish
Origin: Economies
