AUDUSD Price Analysis
Expected Scenario
The AUDUSD price shows new bullish bias now, heading towards a potential test of the key resistance at 0.6640$.
The EMA50 continues to press negatively on the price, keeping the chances valid to continue the expected bearish trend on the intraday basis.
The bearish trend depends on the formation of the double top pattern visible on the chart.
To confirm a rally towards 0.6500$ as the next target, we need to break the 0.6570$ level.
Continuation of the rise and breaching 0.6640$ will stop the expected decline and lead the price to turn to rise.
Expected Trading Range
Between 0.6560$ support and 0.6660$ resistance.
Trend Forecast: Bearish
Origin: Economies
