The AUDUSD pair couldn’t manage to surpass 0.6780 level, to rebound downwards strongly and resume the correctional bearish track again, approaching 0.6665 level, noting that breaking this level will open the way to head towards 0.6550 areas on the near term basis.
Therefore, we expect the continuation of the bearish trend in the upcoming sessions, noting that the consolidation of 0.6665 level against the current negative pressure will lead the price to start new recovery attempts that target testing 0.6780 level again.
The expected trading range for today is between 0.6610 support and 0.6730 resistance
The expected trend for today: Bearish
Origin: Economies
