The AUDUSD price surpassed 0.6728$ level and closed the daily candlestick above it, but we notice that the EMA50 formed good resistance that prevented the price from continuing the rise, accompanied by witnessing clear negative signals through stochastic now.
Therefore, these factors encourage us to suggest the bearish bias today, and the price needs to break 0.6728$ again to confirm the continuation of the bearish trend domination in the upcoming sessions and opens the way to head towards 0.6640$ as a next main target, noting that breaching 0.6745$ will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.6665$ support and 0.6775$ resistance
Trend forecast: Bearish
Origin: Economies
