The AUDUSD pair bounced downwards clearly after approaching 0.6500 barrier, to start pressing on the key support 0.6400, as it hints heading to resume the bearish wave, noting that breaking the mentioned support will push the price to 0.6300 direct.
Therefore, the bearish bias will be expected for today supported by moving below the EMA50, noting that consolidating above 0.6400 will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 0.6350 support and 0.6455 resistance
The expected trend for today: Bearish
Origin: Economies
