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The AUDUSD price begins positively – Forecast today - 07-11-2024
The AUDUSD price shows clear positive trades now to head towards potential test to the key resistance 0.6632$, affected by stochastic positivity that loses the positive momentum clearly, waiting to resume the expected bearish trend for the upcoming period, which its targets begin at 0.6536$ and extend to 0.6450$ after breaking the previous level.
Holding below 0.6632$ is important to the continuation of the expected decline, as breaching it will push the price to achieve bullish correction that its next target reaches 0.6691$.
The expected trading range for today is between 0.6550$ support and 0.6650$ resistance
Trend forecast: Bearish
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