The AUDUSD price shows new negative trades to test 0.6200$ barrier, reinforcing the expectations of continuing the bearish trend, reminding you that the waited target is located at 0.6130$.
The negative pressure formed by the EMA50 supports the expected bearish wave, reminding you that it is important to hold below 0.6255$ as a first condition to the continuation of the suggested decline.
The expected trading range for today is between 0.6170$ support and 0.6260$ resistance
Trend forecast: Bearish
Origin: Economies
