The AUDUSD price trades negatively by today’s open to break the bearish flag’s support line and attempt to hold below it, to start activating the negative effect of this pattern and head towards resuming the main bearish trend, waiting to visit 0.6150$ as a next main target.
The negative pressure formed by the EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 0.6270$ and holding above it.
The expected trading range for today is between 0.6180$ support and 0.6280$ resistance
Trend forecast: Bearish
Origin: Economies
