The AUDUSD price shows sideways trades since yesterday, noticing that stochastic lost its positive momentum to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 0.6300$.
The bearish channel continues to organize the suggested bearish wave, which will remain valid unless breaching 0.6430$ and holding above it.
The expected trading range for today is between 0.6310$ support and 0.6400$ resistance
Trend forecast: Bearish
Origin: Economies
