The AUDUSD price opened lower today, breaking the support line of a bearish flag pattern and attempting to stay below it. This move activates the negative implications of the pattern, signaling the potential for further declines, with the next key target at 0.6150.
The bearish trend remains supported by negative pressure from the EMA50, and this outlook will stay intact unless the price breaks above 0.6270 and sustains a level above it.
Expected Trading Range: Support at 0.6180, Resistance at 0.6280.
Trend Forecast: Bearish
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