AUDUSD Approaching Target: Quick Daily Outlook

The AUDUSD pair has experienced further negative trades and is nearing the anticipated target of 0.6780, although there has been a temporary bullish bias due to stochastic positivity, which is gradually losing momentum. It is expected that the price will resume its correctional bearish wave, with the next target at 0.6665.

Therefore, we maintain our recommendation for a bearish trend for the foreseeable future, organized within the bearish channel illustrated on the chart. It should be noted, however, that breaking through 0.6925 will stop the bearish wave and potentially lead the price back to the main positive trend.

The predicted trading range for today is between 0.6760 support and 0.6885 resistance, with the projected trend for today being bearish.