The AUDUSD pair managed to achieve our waited target at 0.6665 and broke it to settle below it, noticing that the price returns to the bearish channel that appears on the chart, which supports the chances of continuing the bearish bias in the upcoming sessions, paving the way to head towards 0.6550 as a next negative target.
Therefore, we expect to witness additional negative trades on the intraday basis, taking into consideration that breaching 0.6665 will stop the current bearish wave and lead the price to turn to rise.
The expected trading range for today is between 0.6600 support and 0.6700 resistance
The expected trend for today: Bearish
Origin: Economies
