The AUDUSD pair’s rise stopped around 0.6500 barrier, to rebound downwards strongly and begin to attack the key support 0.6400, which urges caution from the upcoming trading, as breaking this level represents negative factor that will push the price to resume the main bearish track again, while consolidating above it will lead the price to build new bullish wave that targets 0.6545 areas mainly.
Therefore, we prefer to stay aside until the price confirms its situation according to 0.6400 level to detect the next targets clearly.
The expected trading range for today is between 0.6350 support and 0.6470 resistance
The expected trend for today: Neutral
Origin: Economies
