AUDUSD Price Analysis
Expected Scenario
The AUDUSD price faced strong negative pressure yesterday, as it broke the $0.6640 level and settled below it, and by taking a deeper look at the chart, we find that the price completed forming a double top pattern that we expect to extend the bearish wave to surpass $0.6570 and reach $0.6500.
Therefore, the bearish trend will be suggested for the upcoming sessions, noting that breaching $0.6640 will stop the current negative pressure and lead the price to recover again.
Expected Trading Range
Between $0.6550 support and $0.6640 resistance.
Trend Forecast: Bearish
Origin: Economies
