The AUDUSD price continues to fluctuate near 0.6535$ and finds difficulty to breach it, noticing that stochastic loses its positive momentum, which makes us suggest the bearish rebound to resume the main bearish track within the bearish channel that appears on the chart.
Therefore, the bearish bias will be suggested for today, noting that breaching 0.6535$ will push the price to achieve additional gains and test 0.6575$ areas before any new attempt to decline.
The expected trading range for today is between 0.6460$ support and 0.6560$ resistance
Trend forecast: Bearish
Origin: Economies
