The AUDUSD pair reached few pips away from our waited positive target at 0.6545, and bounced downwards clearly to head towards visiting 0.6400 level in the upcoming sessions, making the bearish bias suggested for today, supported by stochastic negativity.
Note that breaking the targeted level will put the price under more negative pressure to head towards achieving more decline on the intraday and short-term basis, while breaching 0.6545 represents positive factor that will lead the price to achieve additional gains that reach 0.6660 on the near-term basis.
The expected trading range for today is between 0.6410 support and 0.6500 resistance
The expected trend for today: Bearish
Origin: Economies
