The AUDUSD pair tested 0.6500 resistance line and kept its stability below it, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bearish wave on the intraday and short-term basis, affected by the previously completed head and shoulders’ pattern, which targets 0.6410 level as a next station.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 0.6500 followed by 0.6520 levels and holding above them.
The expected trading range for today is between 0.6430 support and 0.6530 resistance
The expected trend for today: Bearish
Origin: Economies
