The AUDUSD price settles around 0.6365$ level, waiting to resume the bearish wave that its next target located at 0.6300$, supported by the negative pressure formed by the EMA50.
Stochastic begins to lose the positive momentum to support the expectations to decline, noting that breaching 0.6450$ will stop the bearish trend and lead the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.6310$ support and 0.6400$ resistance
Trend forecast: Bearish
Origin: Economies
