The AUDUSD price shows bullish bias to approach the bearish channel’s resistance lien that appears on the chart, and the price needs to consolidate below this resistance line – 0.6530$ – to keep the bearish trend scenario valid for the upcoming period, which its targets begin at 0.6440$ and extend to 0.6355$ after breaking the previous level.
On the other hand, we should note that breaching 0.6530$ will stop the expected decline and lead the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.6460$ support and 0.6560$ resistance
Trend forecast: Bearish
Origin: Economies
