The AUDUSD price bounced upwards clearly after consolidating above 0.6500$ level, to approach the key resistance 0.6570$, noticing that stochastic shows overbought signals now, while the EMA50 forms continuous negative pressure against the price.
Therefore, we believe that the chances valid to resume the bearish trend, and the targets begin by breaking 0.6500$ to open the way to head towards 0.6410$, noting that breaching 0.6570$ will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.6470$ support and 0.6570$ resistance
Trend forecast: Bearish
Origin: Economies
