The AUDUSD pair began to bounce lower after reaching to the bearish channel’s resistance, keeping the main bearish trend scenario active for the rest of the day, supported by the negative pressure that comes from the EMA50, reminding you that we are waiting for visting 0.6595 level as a next main target, while holding below 0.6825 represents a main condition for the continuation of the expected decline.
The expected trading range for today is between 0.6700 support and 0.6830
The expected trend for today: Bearish