The AUDUSD price confirmed breaking the bullish channel’s support line to reinforce the expectations of continuing the domination of the expected bearish trend for the upcoming period, and the way is open to achieve our waited target at 0.6640$, noting that breaking this level will push the price towards 0.6570$ as a next negative target.
The EMA50 forms negative pressure that supports the expectations to decline, which will remain valid conditioned by the price stability below 0.6728$.
The expected trading range for today is between 0.6615$ support and 0.6715$ resistance
Trend forecast: Bearish
Origin: Economies
