The AUDUSD pair bounced bearishly after testing 0.6550 level in the previous sessions, to keep the bearish trend active for the upcoming period, motivated by the previously completed head and shoulders’ pattern, noting that our next targets begin at 0.6460 followed by 0.6400.
The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6550 and 0.6570 levels.
The expected trading range for today is between 0.6430 support and 0.6540 resistance
The expected trend for today: Bearish
Origin: Economies
