The AUDUSD pair showed mixed trades yesterday, and closed the daily candlestick below 0.6570 level, to push the price towards resuming the negative scenario suggested in our previous reports and head towards achieving negative targets that reach 0.6500.
Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that breaching 0.6590 will stop the current negative pressure and lead the price to test 0.6640 initially.
The expected trading range for today is between 0.6510 support and 0.6600 resistance
The expected trend for today: Bearish
Origin: Economies
