The AUDUSD price traded with clear negativity in the previous sessions to approach our waited target at 0.6355$, waiting for more decline to surpass this level and achieve new negative targets that extend to 0.6250$.
The bearish channel continues to organize the suggested bearish wave, which gets continuous support by the EMA50, noting that breaching 0.6470$ 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 0.6340$ support and 0.6440$ resistance
Trend forecast: Bearish
Origin: Economies
