The AUDUSD price begins today with strong decline affected by the negative GDP data, to break 0.6440$ level and confirm opening the way to continue the domination of the bearish trend within the bearish channel that appears on the chart, waiting to visit 0.6355$ that represents our next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 0.6500$.
The expected trading range for today is between 0.6350$ support and 0.6450$ resistance
Trend forecast: Bearish
Origin: Economies
