The AUDUSD price opens today’s trading with clear positivity after releasing the positive employment data from the Australian economy, to reach the EMA50 that continues to form negative pressure against the price, noticing that stochastic loses its positive momentum clearly, which supports the chances of bouncing bearishly to resume the main bearish track again.
Therefore, we are waiting for negative trades in the upcoming sessions, and the next target reaches 0.6300$, noting that breaching 0.6450$ will stop the bearish wave and lead the price to start bullish correction the intraday basis.
The expected trading range for today is between 0.6360$ support and 0.6460$ resistance
Trend forecast: Bearish
Origin: Economies
