- AUD/USD Analysis
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AUD/USD Analysis
The AUD/USD pair managed to achieve our first negative target at 0.6340. They settled near it, noticing that stochastic loses its positive momentum clearly, to support the chances of resuming the negative trades to head towards achieving additional negative targets that start at 0.6290 and extend to 0.6170 after surpassing the previous level.Therefore, we will continue to suggest a bearish trend unless the price rallies to breach 0.6400 and holds above it. The expected trading range for today is between 0.6300 support and 0.6400 resistance.
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