The AUDUSD pair ended yesterday below 0.6400, to support the continuation of the expected bearish trend on the intraday and short-term basis, and the way is open to achieve our waited target at 0.6300.
The negative effect of the bearish flag pattern supports the expected decline, besides the negative pressure formed by the EMA50, noting that breaching 0.6400 will stop the negative scenario and lead the price to attempt to recover again.
The expected trading range for today is between 0.6310 support and 0.6410 resistance
The expected trend for today: Bearish
Origin: Economies
