The AUDUSD pair bounced lower clearly after testing the bearish channel’s resistance, keeping the overall bearish trend scenario active in the upcoming period, supported by the negative pressure that is formed by the EMA50, waiting for more of the downside moves that targets 0.6700 level as an initial negative station, pointing that the bearish bias will be preferred for the rest of the day unless the price rallied to breach 0.6790 level and holding above it.
The expected trading range for today is between 0.6700 support and 0.6800 resistance
The expected trend for today: Bearish