AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price achieved initial break to 0.6570$ level.
- Attempts to hold below it, supporting the continuation of the domination of the expected bearish trend for today.
- Paving the way to head towards 0.6500$ that represents the next negative target.
- Waiting for more decline for the rest of the day conditioned by the price stability below 0.6570$.
- Failing to confirm the break will push the price to start recovery attempts and target 0.6640$ areas initially.
Expected Trading Range
Between 0.6520$ support and 0.6625$ resistance.
Trend Forecast: Bearish