The AUDUSD price provided new negative trades yesterday to approach our first extended target at 0.6460$, to support the expected bearish trend on the intraday and short-term basis, which moves organized inside the bearish channel that appears on the chart, waiting to head towards 0.6420$ as a next negative station.
Holding below 0.6535$ is important to the continuation of the expected decline, as breaching it will push the price to test the bearish channel’s resistance line around 0.6640$ before any new attempt to decline.
The expected trading range for today is between 0.6420$ support and 0.6620$ resistance
Trend forecast: Bearish
Origin: Economies
