The AUDUSD price needs new negative motive – Forecast today – 06-12-2024

rub-l11The AUDUSD price fluctuates within sideways track since yesterday, settling around 0.6440$ level, waiting to get negative motive that push the price to continue the decline within the bearish channel that appears on the chart, reminding you that our next target reaches 0.6355$.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6480$ and holding below it.

The expected trading range for today is between 0.6380$ support and 0.6480$ resistance

Trend forecast: Bearish

Origin: Economies

 

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