The AUDUSD price returns to decline to approach our waited target at 0.6300$, and we suggest surpassing this level to achieve additional negative targets that extend to 0.6210$, as the price moves inside bearish channel that supports the chances of continuing the decline in the upcoming period.
The negative pressure formed by the EMA50 reinforces the negative overview, noting that breaching 0.6420$ will stop the bearish trend and lead the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.6270$ support and 0.6360$ resistance
Trend forecast: Bearish
Origin: Economies
