The AUDUSD pair shows positive trades by today’s open to retest the broken neckline of the double top pattern, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trading that its next main target located at 0.6665.
Therefore, the bearish trend will remain suggested until now, taking into consideration that breaching 0.6780 will cancel the suggested negative formation and push the price to regain the main bullish trend again.
The expected trading range for today is between 0.6700 support and 0.6810 resistance
The expected trend for today: Bearish
Origin: Economies
