The AUDUSD price managed to break the bearish flag’s support line and hold below it, to get negative motive that we are waiting to push the price to resume the main bearish trend within the bearish channel that appears on the chart, reminding you that the expected targets begin at 0.6140$ and extend to 0.6075$.
Stochastic loses its positive momentum gradually to support the expectations to decline, which will remain valid unless breaching 0.6235$ and holding with a daily close above it.
The expected trading range for today is between 0.6160$ support and 0.6260$ resistance
Trend forecast: Bearish
Origin: Economies
