The AUDUSD pair ended yesterday with clear negativity, as it broke 0.6500 level and settled below it, which puts the price under potential negative pressure in the upcoming sessions, but we notice that stochastic provides positive signals that might assist to push the price to recover again.
Therefore, the contradiction between the technical factors makes us stay aside until the price confirms its situation according to 0.6500 level, noting that holding below it will push the price to decline again and head towards 0.6410 as a next negative station, while breaching it and holding above it will reactivate the bullish trend scenario that its next target located at 0.6570.
The expected trading range for today is between 0.6440 support and 0.6550 resistance
The expected trend for today: Neutral
Origin: Economies
