The AUDUSD pair bounced downwards clearly to attack 0.6780 and attempts to confirm breaking it, to hint heading to return to the correctional bearish track again, while stochastic shows new positive signals that might assist to push the price to recover.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level, noting that holding below it will push the price to decline towards 0.6700 and 0.6665 levels as main negative targets, while breaching it and consolidating above it will reactivate the bullish trend scenario that targets 0.6924 mainly.
The expected trading range for today is between 0.6710 support and 0.6840 resistance
The expected trend for today: Neutral
Origin: Economies
