The AUDUSD pair finds difficulty to continue the rise, to trade negatively by today’s open and start testing the key support 0.6780, and by taking a deeper look at the chart, we find that the price is forming double top pattern that might push the price to return to the correctional bearish track again.
Now, we prefer to stay aside until the price confirms its situation according to 0.6780 level followed by detecting its next destination clearly, noting that breaking it will push the price to decline towards 0.6665 areas as a next main station, while consolidating above it represents the key to resume the bullish wave that its next target reaches 0.6924.
The expected trading range for today is between 0.6730 support and 0.6850 resistance
The expected trend for today: Neutral
Origin: Economies
