The AUDUSD pair provided sudden positive trades yesterday to approach the main resistance 0.6780, but it bounced bearishly to start today with additional bearish bias and settle below the bullish channel’s support line, to keep the bearish trend scenario valid, which its targets begin by testing 0.6665 level.
Stochastic provides negative signals that support the continuation of the expected bearish trend, which will remain valid conditioned by the price stability below 0.6780.
The expected trading range for today is between 0.6650 support and 0.6760 resistance
The expected trend for today: Bearish
Origin: Economies
