The AUDUSD price shows sideways trades since yesterday, moving below the intraday bearish trend line that appears on the chart, falling under continuous negative pressure formed by the EMA50.
Therefore, we believe that the chances valid to resume the expected bearish trend for the upcoming period, which depends on the price stability below 0.6245$, reminding you that our next main target is located at 0.6140$.
The expected trading range for today is between 0.6160$ support and 0.6260$ resistance
Trend forecast: Bearish
Origin: Economies
