The AUDUSD price touched our first waited target at 0.6632 and bounced downwards sharply from there, affected by coming close to the US elections’ results, to resume the main bearish track and head towards achieving negative targets that start at 0.6536$ and extend to 0.6450$.
Therefore, the bearish trend will be expected for today, noting that breaching 0.6632$ will lead the price to achieve additional bullish correction that its next target reaches 0.6691$.
The expected trading range for today is between 0.6480$ support and 0.6610$ resistance
Trend forecast: Bearish
Origin: Economies
