The AUDUSD price’s recent trades are confined within bearish pennant pattern that its signs appear on the chart, thus, the price needs to break 0.6450$ to activate the negative effect of this pattern followed by rallying towards resuming the expected bearish wave for the upcoming period, which its next target located at 0.6400$.
Therefore, we will continue to suggest the bearish trend on the intraday and short-term basis, noting that breaching 0.6510$ will push the price to recover and might head to test 0.6600$ areas before any new negative attempt.
The expected trading range for today is between 0.6410$ support and 0.6610$ resistance
Trend forecast: Bearish
Origin: Economies
