The AUDUSD price provided additional positive trades yesterday to approach the bearish channel’s resistance line, and begins to rebound bearishly again, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the bearish trend inside the mentioned channel, reminding you that our next main target is located at 0.6500$.
The EMA50 keeps supporting the expected bearish wave, which will remain valid unless breaching 0.6595$ followed by 0.6625$ levels and holding above them.
The expected trading range for today is between 0.6520$ support and 0.6620$ resistance
Trend forecast: Bearish
Origin: Economies
