The AUDUSD pair shows some slight bullish bias by today’s open, to head towards potential test to 0.6550 level, and the EMA50 meets this level to add more strength to it, while stochastic reaches the overbought areas now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, reminding you that our waited target is located at 0.6400, while achieving it requires holding below 0.6550
The expected trading range for today is between 0.6440 support and 0.6550 resistance
The expected trend for today: Bearish
Origin: Economies
