AUDUSD analysis 02.04.2020

The Australian dollar pair against the US dollar ended yesterday's trading below the 0.6097 level, which puts the price under expected negative pressure during the coming period, on its way to test the level of 0.5958 initially, noting that breaking this level will push the price to 0.5787 as a next negative target.

Therefore, a bearish bias will be favored for this day unless the price breaches the 0.6097 level and holds above it again.

The expected trading range for today is between 0.5960 support and 0.6160 resistance.

Expected trend for today: bearish.