The AUDUSD pair finds difficulty to confirm breaking 0.6665 level, to show positive trades by today’s open, heading towards potential test to the correctional bearish channel’s resistance.
Until now, the bearish trend scenario still active as long as 0.6710 level remains intact, as breaching this level will push the price to attempt to recover and regain the main bullish trend, while the expected bearish wave targets begin by breaking 0.6665 to confirm opening the way to visit 0.6550 on the near term basis.
The expected trading range for today is between 0.6610 support and 0.6730 resistance
The expected trend for today: Bearish
Origin: Economies
