Bearish Trend Continuation
The AUDUSD price fluctuates within a sideways and tight track, settling around the 0.6525$ level.
Stochastic indicates a clear loss of positive momentum, signaling a potential resumption of the bearish trend.
The bearish targets start with breaking the 0.6500$ level, followed by 0.6450$ and 0.6410$.
Support from EMA50
The EMA50 continues to support the suggested bearish wave.
Trading Range
The expected trading range for today is between 0.6460$ support and 0.6570$ resistance.
Trend forecast: Bearish
Origin: Economies
