The AUDUSD pair continued to rise to breach 0.6665 level and attempt to hold above it, to hint the attempt to recover and stop the bearish correction that dominates the recent trades, but we notice that the technical indicators provide clear negative signals that might force the price to decline again.
Therefore, we prefer to stay aside until we get clear signal for the next trend, noting that consolidating above 0.6665 will push the price to build bullish wave that targets visiting 0.6780 areas initially, while breaking it and trading below it again will reactivate the bearish trend scenario that its next main target located at 0.6545.
The expected trading range for today is between 0.6610 support and 0.6720 resistance
The expected trend for today: Neutral
Origin: Economies
