The AUDUSD price is testing 0.6535$ level and finds solid resistance there, while stochastic loses the positive momentum again, waiting to motivate the price to decline in the upcoming sessions to resume the expected bearish trend for the upcoming period, noting that our main waited targets begin at 0.6440$ and extend to 0.6355$.
Holding below 0.6565$ is important to the continuation of the expected decline, as breaching it will lead the price to start bearish correction that targets 0.6630$ areas on the near-term basis.
The expected trading range for today is between 0.6470$ support and 0.6570$ resistance
Trend forecast: Bearish
Origin: Economies
