AUDUSD Price Analysis
Expected Scenario
The AUDUSD price rallied upwards strongly yesterday, to breach 0.6640$ and reach 0.6700$ barrier, noticing that the price rebounds downwards clearly after placing a new lower high, hinting at a potential resume of the bearish wave.
The price needs to break 0.6640$ to confirm the continuation of the decline and achieve negative targets that reach 0.6570$.
Expected Trading Range
Between 0.6590$ support and 0.6690$ resistance.
Trend Forecast: Bearish
Origin: Economies
