The AUDUSD pair bounced downwards strongly after approaching few pips away from our waited target at 0.6400, to resume the main bearish track and head towards achieving negative targets that start by surpassing 0.6285 to visit 0.6200 as a next main station.
Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, taking into consideration that failing to break 0.6285 might push the price to recover again and head towards 0.6400 mainly.
The expected trading range for today is between 0.6240 support and 0.6340 resistance
The expected trend for today: Bearish
Origin: Economies
