The AUDUSD pair trades positively by today’s open to attack 0.6400 level and attempts to hold above it, to hint heading to recover and achieve gains on the intraday basis, but it faces negative factors that might push the price to decline again.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level, noting that confirming breaching it will lead the price to visit 0.6545 areas initially, while consolidating below it will push the price to resume the bearish trend that targets 0.6300 areas on the near term basis.
The expected trading range for today is between 0.6360 support and 0.6470 resistance
The expected trend for today: Neutral
Origin: Economies
