The AUDUSD pair shows some bullish bias to test the resistance line formed at 0.6570 after breaking it previously, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the correctional bearish trend, which targets 0.6500 as a next station.
Therefore, the bearish trend will remain active for the upcoming period, noting that breaching 0.6570 will stop the expected decline and push the price to attempt to return to the main bullish track again.
The expected trading range for today is between 0.6500 support and 0.6600 resistance
The expected trend for today: Bearish
Origin: Economies
