The AUDUSD pair continues to fluctuate around the key support 0.7210, which represents 61.8% Fibonacci for the rise measured from 0.6825 to 0.7833, which interprets the reasons of the difficulty of breaking it until now.
The EMA50 keeps pushing negatively on the intraday and short term trading, noticing that the price moves within bearish channel that appears on chart, thus, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7270 and the most important 0.7329 levels, waiting to head towards 0.7063 as a next main station.
Expected trading range for today is between 0.7130 support and 0.7330
Expected trend for today: Bearish
Origin: Economies
