The AUDUSD pair bounced bearishly after the EMA50 formed solid resistance against the price, to break 0.6665 level and close the daily candlestick below it, which supports the continuation of the expected bearish trend for the upcoming period, which its next main target located at 0.6550.
Therefore, we are waiting for more decline on the intraday basis, noting that breaching 0.6665 followed by 0.6705 levels will push the price to achieve new gains that target testing 0.6780 level before any new attempt to decline.
The expected trading range for today is between 0.6590 support and 0.6700 resistance
The expected trend for today: Bearish
Origin: Economies
