The AUDUSD pair broke 0.6665 level clearly and settled below it, to fall under expected negative pressure in the upcoming sessions, but we notice that the price begins today with clear positivity to test the mentioned level, motivated by stochastic positivity, to hint the attempt to resume the bullish wave again.
Therefore, we prefer to stay aside until the price confirms its situation according to 0.6665 level, noting that consolidating below it will press on the price to decline towards 0.6550 mainly, while breaching it represents the key to start new bullish wave that its targets begin at 0.6780.
The expected trading range for today is between 0.6600 support and 0.6720 resistance
The expected trend for today: Neutral
Origin: Economies
