The AUDUSD pair broke 0.6665 level strongly and settled below it, reinforcing the expectations of continuing the correctional bearish trend, and the way is open to achieve our next target at 0.6550.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 0.6665 will stop the expected decline and lead the price to attempt to recover on the intraday basis.
The expected trading range for today is between 0.6550 support and 0.6650 resistance
The expected trend for today: Bearish
Origin: Economies
