The AUDUSD pair approached our first waited target at 0.6285, to show some slight bullish bias, noticing that the EMA50 forms good negative pressure against the price, while stochastic loses its positive momentum clearly.
Therefore, our bearish overview will remain valid for the upcoming period, waiting to visit 0.6200 as a next main target, noting that it is important to hold below 0.6400 to continue the expected decline.
The expected trading range for today is between 0.6260 support and 0.6350 resistance
The expected trend for today: Bearish
Origin: Economies
