The AUDUSD pair shows clear negative trades now to approach our first waited target at 0.6550, and we suggest the continuation of the decline to surpass this level and open the way to head towards 0.6400 areas, as the price is affected by the head and shoulders’ pattern that its signs appear on the chart.
Therefore, we are waiting for more decline on the intraday and short term basis, reminding you that it is important to hold below 0.6665 to achieve the suggested targets.
The expected trading range for today is between 0.6520 support and 0.6640 resistance
The expected trend for today: Bearish
Origin: Economies
