The AUDUSD pair shows positive trades by today’s open to attempt to move away from 0.6400, to hint the attempt to recover and achieve gains in the upcoming sessions, but we notice that stochastic shows clear overbought signals, which might push the price to decline again.
Therefore, we will continue with our neutrality until we get clearer signal for the next trend, noting that breaking 0.6400 will push the price to decline towards 0.6300 areas initially, while breaching 0.6445 represents the key to start intraday bullish wave that targets testing 0.6545 as a next main station.
The expected trading range for today is between 0.6370 support and 0.6490 resistance
The expected trend for today: Neutral
Origin: Economies
