The AUDUSD pair returned to decline after the temporary rise that it witnessed in the previous sessions, to approach the bullish channel’s support line that appears on the chart, waiting for more decline to visit 0.6665 that represents our next main target.
The EMA50 supports the continuation of the bearish trend, noting that surpassing the targeted level will extend the bearish wave to reach 0.6545 areas on the near-term basis, while breaching 0.6780 will lead the price to return to the main bullish track again.
The expected trading range for today is between 0.6650 support and 0.6740 resistance
The expected trend for today: Bearish
Origin: Economies
