The AUDUSD price managed to reach our first waited negative target at 0.6440$, and resumes the negative trades by today’s open to head towards continuing the decline on the intraday and short-term basis, reminding you that the next target reaches 0.6355$.
The bearish channel continues to organize the suggested bearish wave, noting that breaching 0.6515$ followed by 0.6530$ levels will stop the expected decline and push the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.6410$ support and 0.6500$ resistance
Trend forecast: Bearish
Origin: Economies
