The AUDUSD pair is retesting 0.7210 level after confirming breaking it yesterday, accompanied by stochastic getting rid of its positive momentum gradually approaching from the overbought areas, besides the continuous negative pressure provided by the EMA50.
Therefore, these factors encourage us to continue suggesting the bearish for the upcoming period, which its next target located at 0.7063, while its continuation for today conditions holding below 0.7210 and 0.7250 levels.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bearish
Origin: Economies
