The AUDUSD price broke 0.6728$ level clearly and declined to attack the bullish channel’s support line that appears on the chart, to head towards achieving expected decline in the upcoming sessions, targeting visiting 0.6640$ as a next negative station.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 0.6728$ will stop the current negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 0.6650$ support and 0.6740$ resistance
Trend forecast: Bearish
Origin: Economies
