The AUDUSD pair opens today’s trading with clear negativity to attack 0.6545 level and attempts to hold below it, to stop yesterday’s suggested positive scenario and head to achieve negative targets that start at 0.6465 and extend to 0.6400.
Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.6545 will stop the current negative pressure and push the price to recover again.
The expected trading range for today is between 0.6470 support and 0.6575 resistance
The expected trend for today: Bearish
Origin: Economies
