The AUDUSD pair provided additional positive trades to breach 0.6660 and attempt to hold above it, to hint the attempt to turn to rise and stop the bearish correction, but we notice that stochastic shows clear oversold signals that might force the price to decline again.
Therefore, the contradiction between the technical factors makes us stay aside util the price confirms its situation according to 0.6660 level, noting that confirming the breach will push the price to achieve gains that start by visiting 0.6780 areas, while consolidating below it will push the price to resume the correctional bearish wave that its next main target located at 0.6550.
The expected trading range for today is between 0.6610 support and 0.6720 resistance
The expected trend for today: Bearish
Origin: Economies
