The AUDUSD price is testing the bearish channel’s resistance line that appears on the chart, accompanied by stochastic loss to the positive momentum and reach the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 0.6500$ as a next station.
We should note that breaching 0.6585$ will stop the expected decline and lead the price to start bullish correction that its first target located at 0.6630$.
The expected trading range for today is between 0.6520$ support and 0.6620$ resistance
Trend forecast: Bearish
Origin: Economies
