The AUDUSD pair started to rebound bearishly after approaching the waited target at 0.6660, to hint heading to return to the correctional bearish track, affected by the previously completed head and shoulders’ pattern, which its signs appear on the chart, waiting to test 0.6550 initially, noting that breaking this level will push the price to 0.6400 on the near term basis.
Therefore, the bearish bias will be expected for today unless the price rallied to breach 0.6660 and hold above it.
The expected trading range for today is between 0.6540 support and 0.6650 resistance
The expected trend for today: Bearish
Origin: Economies
