The AUDUSD pair faced negative pressure yesterday to break 0.6780 level and settles below it, to turn to decline and head towards visiting the bullish channel’s support line at 0.6665.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 0.6780 will stop the current negative pressure and lead the price to resume the main bullish trend again.
The expected trading range for today is between 0.6700 support and 0.6800 resistance
The expected trend for today: Bearish
Origin: Economies
