The AUDUSD pair shows clear negative trades by today’s open to approach our waited target at 0.6780, and we need to monitor the price when reaching this level, due to its importance to detect the next trend.
Note that the continuation of the decline and breaking the mentioned level will push the price to suffer additional losses and head towards 0.6665 areas on the near term basis, while consolidating against the current negative pressure will lead the price to resume the bullish trend that targets 0.6925 as a next main station.
The expected trading range for today is between 0.6730 support and 0.6850 resistance
The expected trend for today: Bearish temporarily
Origin: Economies
