AUDUSD Price Analysis
Expected Scenario
The AUDUSD price faces negative pressure to test the key support 0.6640$, to hint potential turn to decline, but we notice that the technical indicators provide clear positive signals that might assist to push the price to recover again.
We prefer to stay aside due to the contradiction between the technical factors, and we need to monitor 0.6640$ level to confirm the next destination, noting that breaking this level will push the price to suffer more losses and target 0.8570$ as a next negative station, while consolidating above it will lead the price to resume the bullish wave and test 0.6728$ initially.
Expected Trading Range
Between 0.6605$ support and 0.6705$ resistance.
Trend Forecast: Neutral
Origin: Economies
