The AUDUSD pair opens today’s trading with clear negativity to break the intraday bullish channel’s support line that appears on the chart, which forms bearish flag pattern that we expect to put the price under expected negative pressure in the upcoming sessions, and the targets begin by testing 0.6400, noting that breaking it will push the price to rally towards 0.6300 as a next negative station.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, taking into consideration that failing to break 0.6400 will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 0.6360 support and 0.6445 resistance
The expected trend for today: Bearish
Origin: Economies
