AUDUSD Price Analysis
Expected Scenario
The AUDUSD price broke the 0.6640$ level clearly and closed the daily candlestick below it, nullifying the positive formation on the chart and indicating a move towards negative targets starting at 0.6570$. This suggests a bearish bias for the upcoming sessions.
Moving below the EMA50 supports the expected decline. However, breaching 0.6640$ and holding above it will halt the current negative pressure and prompt the price to attempt a recovery.
Expected Trading Range
Between the support at 0.6570$ and the resistance at 0.6660$.
Trend Forecast: Bearish
Origin: Economies
