The AUDUSD price couldn’t manage to continue the rise, to rebound bearishly from 0.6250$ areas and head towards resuming the main bearish trend after losing the positive momentum on the intraday basis, noticing that stochastic overlaps negatively to support the chances of continuing the decline in the upcoming sessions.
Therefore, the bearish bias will be suggested for today, and the targets begin at 0.6150$, noting that breaching 0.6250$ will stop the expected decline and lead the price to start new recovery attempts.
The expected trading range for today is between 0.6160$ support and 0.6260$ resistance
Trend forecast: Bearish
Origin: Economies
