AUDUSD Price Analysis
The AUDUSD price faced difficulty in surpassing the 0.6570$ level, starting today with a negative tone and heading towards testing 0.6500$ as the next main station. This suggests a bearish bias in the upcoming sessions.
It is important to monitor the price when it reaches the awaited level, as breaking it will likely push the price to suffer more losses and open the way to head towards 0.6410$ mainly. Conversely, consolidating against the current negative pressure will lead the price to resume the bullish wave and test 0.6570$ again.
Expected Trading Range
Support: 0.6480$
Resistance: 0.6570$
Trend Forecast
Bearish
Origin: Economies
