#AUD The Australian dollar executed a test against the US dollar at the level of 0.6665 and maintains its stability below it, coinciding with the emergence of clear negative signals through the Stochastic indicator, awaiting a price stimulus to resume the anticipated downward trend for the upcoming period, which targets the level of 0.6550 as the next main station.

We note that breaking the level of 0.6635 will reactivate the negative impact of the head and shoulders pattern shown in the above chart and provide a strong negative incentive that supports the continuation of the expected decline and achieving additional negative targets reaching 0.6400, while reminding of the importance of maintaining stability below 0.6665 to achieve the anticipated goals.

The expected trading range for today is between support 0.6570 and resistance 0.6680.