AUDUSD Price Analysis
Expected Scenario
The AUDUSD price continued to decline to reach the waited target at 0.6570$, providing slight positive trades now, affected by stochastic positivity, noting that consolidating below 0.6595$ will keep the negative scenario valid for the upcoming period, noting that the next target reaches 0.6500$.
Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that breaching 0.6595$ will push the price to achieve more gains today and test 0.6640$ before determining the next destination clearly.
Expected Trading Range
Between 0.6540$ support and 0.6625$ resistance.
Trend Forecast: Bearish
Origin: Economies
