AUDUSD Price Analysis
Expected Scenario
The AUDUSD price provided slight positive trades yesterday, noticing that stochastic lost its positive momentum clearly and begins to overlap negatively now, to support the chances of resuming the expected bearish trend on the intraday basis, which its targets begin by breaking 0.6570$ to open the way to head towards 0.6500$.
The completion of the double top pattern that appears on the chart supports the chances of continuing the domination of the bearish trend in the upcoming sessions, which will remain valid conditioned by the price stability below 0.6640$.
Expected Trading Range
Between 0.6540$ support and 0.6625$ resistance.
Trend Forecast: Bearish
Origin: Economies
