The AUDUSD price couldn’t manage to continue the rise, to rebound bearishly and head towards resuming the main bearish trend again, noticing that the recent trades are confined within descending triangle that supports the chances of achieving more decline in the upcoming sessions, and the price needs to break 0.6200$ to confirm opening the way to head towards 0.6140$ as a next main target.
The EMA50 supports the expectations to decline today, which will remain valid unless breaching 0.6245$ and holding above it.
The expected trading range for today is between 0.6160$ support and 0.6260$ resistance
Trend forecast: Bearish
Origin: Economies
