The AUDUSD pair couldn’t manage to hold above 0.6780 level, to rebound downwards strongly and approach the key support 0.6665, to fall under expected negative pressure in the upcoming sessions, noting that breaking the last level will push the price to suffer additional losses that reach 0.6550.
Therefore, the bearish bias will be expected on the intraday basis, noting that consolidating above 0.6705 areas and rallying to breach 0.6780 will stop the negative scenario and lead the price to resume the bullish wave on the intraday basis.
The expected trading range for today is between 0.6650 support and 0.6760 resistance
The expected trend for today: Bearish
Origin: Economies
