The AUDUSD pair tested the key resistance 0.6600 yesterday and bounced downwards clearly from there, to settle below 0.6550 again, which keeps the bearish trend scenario valid and active, waiting to head towards 0.6400 as a next main target.
The negative pressure formed by the EMA50 supports the continuation of the expected decline, which will remain valid conditioned by the price stability below 0.6550 and 0.6600.
The expected trading range for today is between 0.6460 support and 0.6570 resistance
The expected trend for today: Bearish
Origin: Economies
