The AUDUSD price rallied upwards strongly yesterday to breach 0.6632$ level and achieve additional bullish correction to reach 38.2% Fibonacci level at 0.6691$, noticing that the price begins today negatively to head towards resuming the bearish track again, motivated by stochastic negativity.

Therefore, we expect to witness negative trades in the upcoming sessions, and the targets begin by breaking 0.6632$ to confirm heading towards 0.6536$, noting that breaching 0.6691$ will lead the price to achieve additional gains that reach 0.6739$.

The expected trading range for today is between 0.6590$ support and 0.6690$ resistance

Trend forecast: Bearish

Origin: Economies

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