The AUDUSD pair found solid resistance at 0.6500 barrier, as it bounced downwards clearly to reach the key support 0.6400, and we suggest surpassing this support after forming lower highs that put the price under negative pressure that we expect to target 0.6330 followed by 0.6270 areas as main negative stations.
Therefore, the bearish bias will be expected for today, taking into consideration that the consolidation of 0.6400 level against the current negative pressure will lead the price to start new recovery attempts that target visiting 0.6545 areas mainly.
The expected trading range for today is between 0.6350 support and 0.6440 resistance
The expected trend for today: Bearish
Origin: Economies
