The AUDUSD pair keeps its stability below 0.7329 level, which keeps the negative pressure valid and active for today, noting that stochastic positivity pushes the price to show some temporary bullish bias and a potential retest to the mentioned level before turning back to resume the bearish bias.
Therefore, we will continue to suggest the bearish trend that its next target located at 0.7210, which breaking it represents the key to extend the bearish wave towards 0.7063, noting that the continuation of the bearish wave depends on the stability below 0.7448.
Expected trading range for today is between 0.7150 support and 0.7350
Expected trend for today: Bearish
Origin: Economies
