The AUDUSD pair opens today’s trading with clear negativity to attack 0.6570 and attempts to confirm breaking it, and by taking a deeper look at the chart, we find that the price completed forming rising wedge that makes us suggest the continuation of the bearish bias in the upcoming sessions, to head towards achieving negative targets that reach 0.6500.
Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, noting that breaching 0.6580 will stop the expected decline and lead the price to attempt to rise again.
The expected trading range for today is between 0.6500 support and 0.6600 resistance
The expected trend for today: Bearish
Origin: Economies
