The AUDUSD price shows some temporary bullish bias after testing 0.6400$ in the previous sessions, noticing that stochastic loses its positive momentum to support the chances of resuming the expected bearish wave on the intraday and short-term basis, which its next target located at 0.6355$.
Therefore, we are waiting for more expected decline in the upcoming period, noting that breaching 0.6490$ will stop the bearish wave and lead the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.6370$ support and 0.6470$ resistance
Trend forecast: Bearish
Origin: Economies
