The AUDUSD price shows more bearish bias to move away from 0.6180$ level, reinforcing the expectations of continuing the bearish trend, noting that the next targets start at 0.6095$ and extend to 0.6065$.
The EMA50 presses negatively on the price to reinforce the expectations of continuing the decline, noting that holding below 0.6180$ is important to the continuation of the bearish trend, as breaching it represents the key to head to test the bearish channel’s resistance line around 0.6275$ before any new negative attempt.
The expected trading range for today is between 0.6100$ support and 0.6200$ resistance
Trend forecast: Bearish
Origin: Economies
