The AUDUSD price opened today’s trading with slight rise to test the EMA50, while the main bearish trend scenario still valid on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, waiting to visit 0.6140$ as a next main target.
On the other hand, we should note that breaching 0.6245$ will push the price to achieve intraday gains and test the bearish channel’s resistance around 0.6320$ before any new attempt to decline.
The expected trading range for today is between 0.6160$ support and 0.6260$ resistance
Trend forecast: Bearish
Origin: Economies
