The AUDUSD pair broke 0.6400 level strongly to reach the thresholds of the first waited negative target at 0.6330, and we expect the continuation of the negative pressure to achieve more targets that reach 0.6270 followed by 0.6200.
Therefore, the bearish trend scenario will remain active for the upcoming period, supported by moving below the EMA50, noting that breaching 0.6400 and holding above it will stop the expected decline and push the price to attempt to recovery again.
The expected trading range for today is between 0.6280 support and 0.6380 resistance
The expected trend for today: Bearish
Origin: Economies
