The AUDUSD pair confirmed breaking 0.7330 level after ending yesterday’s trading below it, noticing that the price is retesting this level that turns into resistance now, affected by stochastic positivity, while the EMA50 continues to provide the negative pressure on the intraday and short term trading.
Therefore, our bearish overview will remain valid and active for the upcoming sessions as long as the price is below 0.7448 level, reminding you that our next main target is located at 0.7210.
Expected trading range for today is between 0.7210 support and 0.7400
Expected trend for today: Bearish
Origin: Economies
