The AUDUSD pair shows sideways and tight trading, settling below 0.7600 level, to continue suggesting the bearish bias that its main target located at 0.7415, reminding you with the potential bullish rebound after testing the mentioned level, especially that stochastic reaches the thresholds of the oversold areas now, besides the consolidation of the EMA50 at the mentioned level.
Note that breaching 0.7600 level will push the price to resume the short term bullish track without the need to the mentioned decline, to begin the positive targets at 0.8030.
Expected trading range for today is between 0.7415 support and 0.7650
Expected trend for today: Bearish
Origin: Economies
