Price Analysis for AUDUSD
Expected Scenario
The AUDUSD price demonstrates a further bearish bias, gradually nearing our awaited target at 0.6570$. We anticipate the continuation of the decline, aiming to break below this level and achieve additional negative targets, potentially reaching 0.6500$.
Hence, the bearish trend is expected to persist in the upcoming period, with support from trading below the EMA50. It’s crucial to maintain levels below 0.6640$ to realize the suggested targets.
Expected Trading Range
Between 0.6540$ support and 0.6640$ resistance.
Trend Forecast: Bearish
Origin: Economies
