The AUDUSD pair tested the correctional bearish channel’s resistance line and bounced bearishly from there, to keep the bearish trend scenario active for the upcoming period, which targets 0.6550 areas as a next main station.
The price needs to break 0.6665 to ease the mission of heading towards the waited targets, noting that breaching 0.6705 will stop the expected decline and lead the price to achieve additional gains that reach 0.6780.
The expected trading range for today is between 0.6600 support and 0.6705 resistance
The expected trend for today: Bearish
Origin: Economies
