The AUDUSD price traded with clear negativity yesterday to attack 0.6570 level, noticing that the price completed forming double top pattern that we expect to push the price to surpass the mentioned level and confirm turning to decline, to open the way to target 0.6500 areas as a next main station.
Therefore, the bearish bias will be suggested for today, taking into consideration that the consolidation of 0.6570 level against the current negative pressure will stop the expected decline and lead the price to rise again.
The expected trading range for today is between 0.6500 support and 0.6610 resistance
Trend forecast: Bearish
Origin: Economies
