The AUDUSD pair broke 0.6665 level clearly and settled below, stating today with clear negativity to move away from this level and confirm the domination of the bearish correction on the intraday trades, on its way to test 0.6570 level as a next station, noting that breaking this level will push the price towards 61.8% Fibonacci correction level at 0.6500.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 0.6640 represents initial positive factor that will lead the price to attempt to recover and regain the main bullish trend again.
The expected trading range for today is between 0.6560 support and 0.6660 resistance
The expected trend for today: Bearish
Origin: Economies
