The AUDUSD price bounced bearishly after the temporary rise that it witnessed yesterday, as the EMA50 formed good negative pressure against the price, to resume the bearish track that targets 0.6300$ as a next main station.
The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6450$ and hold above it.
The expected trading range for today is between 0.6310$ support and 0.6400$ resistance
Trend forecast: Bearish
Origin: Economies
