The AUDUSD pair ended yesterday’s trading below 0.7330 level, which confirms breaking this level followed by reinforcing the expected bearish trend scenario for the upcoming period, opening the way to head towards 0.7210 as a next main target.
Therefore, we will keep our bearish overview supported by the EMA50, unless we witnessed clear breach and hold above 0.7448 level.
Expected trading range for today is between 0.7210 support and 0.7400
Expected trend for today: Bearish
Origin: Economies
