The AUDUSD pair ended yesterday with strong negativity to confirm breaking 0.6665 and head to decline on the intraday basis, targeting visiting 0.6545 as a first negative station, noting that breaking this level will push the price to 0.6400 on the near term basis.
Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.6665 will stop the negative scenario and push the price to rise again.
The expected trading range for today is between 0.6550 support and 0.6650 resistance
The expected trend for today: Bearish
Origin: Economies
