AUDUSD Price Analysis
Expected Scenario
The AUDUSD price traded with clear positivity yesterday to test the key resistance 0.6640$, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly and overlaps negatively now.
Therefore, the bearish trend scenario will remain active for the upcoming period, which depends on the price stability below the mentioned resistance, reminding you that our main waited target is located at 0.6570$.
Expected Trading Range
Between 0.6580$ support and 0.6670$ resistance.
Trend Forecast: Bearish
Origin: Economies
