The AUDUSD pair confirmed breaking 0.6780 level, trading with clear negativity to move away from this level, and by taking a deeper look at the chart, we find that the price completed forming bearish pattern, which confirms the domination of the bearish trend in the upcoming sessions, targeting 0.6665 followed by 0.6600 levels as next main stations.
Therefore, the bearish bias will be expected on the intraday basis, supported by moving below the EMA50, noting that breaching 0.6780 will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 0.6665 support and 0.6780 resistance
The expected trend for today: Bearish
Origin: Economies
