The AUDUSD pair approached our waited positive target at 0.6400, noticing that the price begins to rebound bearishly by today’s open, to hint potential turn to decline, which makes us prefer to stay aside until we get clearer signal for the next trend.
Note that breaking the minor support 0.6330 will push the price to resume the main bearish trend and achieve negative targets that start at 0.6285 and extend to 0.6200, while breaching 0.6400 resistance represents the key to achieve additional gains that reach 0.6475.
The expected trading range for today is between 0.6300 support and 0.6400 resistance
The expected trend for today: Neutral
Origin: Economies
