The AUDUSD pair tested 0.6665 level and keeps its stability below it, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 0.6550 as a next main station.
Note that breaking 0.6635 will reactivate the negative effect of the head and shoulders’ pattern that appears on the chart and provide strong negative motive that supports the continuation of the expected decline and achieve additional negative targets that reach 0.6400, reminding you that it is important to hold below 0.6665 to achieve the waited targets.
The expected trading range for today is between 0.6570 support and 0.6680 resistance
The expected trend for today: Bearish
Origin: Economies
