The AUDUSD pair settles around 0.6300 level, facing continuous negative pressure formed by the EMA50, waiting to resume the expected bearish trend on the intraday and short-term basis, which its next target located at 0.6200.
Stochastic continues to lose the positive momentum to support the continuation of the expected decline, which will remain valid conditioned by the price stability below 0.6400.
The expected trading range for today is between 0.6250 support and 0.6350 resistance
The expected trend for today: Bearish
Origin: Economies
