The AUDUSD pair ended yesterday below 0.6550 level, to add more confirmation to the continuation of the expected bearish trend for the upcoming period, waiting to head towards 0.6400 as a next main target.
Stochastic current positivity interprets the reasons of the current bullish bias, and the price needs to consolidate below 0.6550 and 0.6600 levels to guarantee the continuation of the suggested bearish wave, as breaching these levels represent positive factor that will lead the price to recover and achieve gains that start by testing the key resistance at 0.6665.
The expected trading range for today is between 0.6490 support and 0.6590 resistance
The expected trend for today: Bearish
Origin: Economies
