The AUDUSD price managed to touch our waited target at 0.6640$, and begins today with bearish bias to break this level and attempt to hold below, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next target is located at 0.6570$.
The EMA50 forms negative pressure that supports the suggested bearish wave, taking into consideration that failing to consolidate below 0.6640$ will lead the price to start recovery attempts and head to test 0.6728$ areas on the near-term basis.
The expected trading range for today is between 0.6580$ support and 0.6680$ resistance
Trend forecast: Bearish
Origin: Economies
