The AUDUSD pair faced negative pressure to attack 0.6665 level and close the daily candlestick below it, to hint potential return to the correctional bearish track, but we notice that the price attempts to trade above the mentioned level, getting positive signals through stochastic, to face contradiction between the technical factors that makes us prefer to stay aside until the price confirms its situation according to 0.6665 level.
Note that holding below the mentioned level will push the price to decline again and head towards 0.6545 areas mainly, while trading above it will push the price to achieve new gains that reach 0.6780.
The expected trading range for today is between 0.6610 support and 0.6720 resistance
The expected trend for today: Neutral
Origin: Economies
