The AUDUSD pair declined strongly yesterday to break 0.6400 level and head towards resuming the main bearish trend again, on its way to achieve negative targets that start at 0.6285 and extend to 0.6170.
Therefore, the bearish bias will be suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.6400 will stop the negative scenario and push the price to recover again.
The expected trading range for today is between 0.6270 support and 0.6360 resistance
The expected trend for today: Bearish
Origin: Economies
