The AUDUSD pair surpassed 0.6665 level and settled above it, to hint the attempt to build intraday bullish wave, but we notice that the EMA50 formed solid resistance against the price at 0.6705, accompanied by witnessing clear negative signals by stochastic now.
Therefore, we believe that the chances valid to resume the expected bearish wave for the upcoming period, and the price needs to break 0.6665 to add more confirmation to the continuation of the bearish bias and head towards 0.6550 areas as a next main target, noting that breaching 0.6705 will stop the suggested decline and push the price to achieve additional gains that reach 0.6780.
The expected trading range for today is between 0.6610 support and 0.6725 resistance
The expected trend for today: Bearish
Origin: Economies
