The AUDUSD pair managed to achieve our first negative target at 0.6340 and settles near it, noticing that stochastic lose its positive momentum clearly, to support the chances of resuming the negative trades to head towards achieving additional negative targets that start at 0.6290 and extend to 0.6170 after surpassing the previous level.
Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 0.6400 and hold above it.
The expected trading range for today is between 0.6300 support and 0.6400 resistance
The expected trend for today: Bearish
Origin: Economies
