The AUDUSD pair bounced sharply to the downside this morning to break 0.7448 and test the key support 0.7329, as the price finds solid support base there that pushes the price to attempt to rise again, which hints that the chances are valid to resume the main bullish trend, which targets visiting 0.7833 areas mainly.
Therefore, we will keep our overall bearish expectations unless breaking 0.7329 level and holding below it, which will push the price to target 0.7210 followed by 0.7063 levels as next main stations.
Expected trading range for today is between 0.7300 support and 0.7595
Expected trend for today: Bullish
Origin: Economies
