The AUDUSD pair ended yesterday below 0.6400 level, to stop the recently suggested positive scenario and head towards expected turn to decline, and we expect to target 0.6330 followed by 0.6275 levels as next main stations.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that breaching 0.6400 will stop the suggested negative scenario and lead the price to recover again.
The expected trading range for today is between 0.6330 support and 0.6430 resistance
The expected trend for today: Bearish
Origin: Economies
