The AUDUSD pair managed to close the daily candlestick below 0.7329, reinforcing the continuation of the bearish trend scenario on the intraday and short term basis, which gets continuous support by the EMA50, waiting to test 0.7210 level as a first main station, reminding you that breaking this level will extend the bearish wave to reach 0.7063.
In general, the negative pressure will remain valid unless the price managed to breach 0.7448 and hold with a daily close above it.
Expected trading range for today is between 0.7170 support and 0.7360
Expected trend for today: Bearish
Origin: Economies
