The AUDUSD pair begins today’s trading with a new bullish bias, in its way to test the bearish channel’s resistance, as the price is below 0.6820, so our bearish trend expectations will remain valid, where breaching this level will push the price to begin a bullish correctional wave on the intraday and short term basis, while the initial target of the suggested bearish wave is located at 0.6700.
The expected trading range for today is between 0.6710 support and 0.6820
The expected trend for today: Bearish