AUDUSD Price Analysis
Expected Scenario
The AUDUSD price provided slight positive trades yesterday, noticing that stochastic lost its positive momentum to reach the overbought areas, while the EMA50 forms good negative pressure against the price.
Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday basis, which its targets begin at 0.6570$ and extend to 0.6500$ after surpassing the previous level, noting that the continuation of the bearish wave depends on the price stability below 0.6640$.
Expected Trading Range
The expected trading range for today is between 0.6550$ support and 0.6650$ resistance.
Trend Forecast: Bearish
Origin: Economies
