The AUDUSD pair did not show any strong move yesterday, to remain stable below the EMA50 that forms continuous negative pressure against the intraday trading, accompanied by stochastic move inside the overbought areas.
Therefore, our bearish overview will remain valid and active for the upcoming period unless breaching 0.7595 followed by 0.7675 levels, waiting to target 0.7448 followed by 0.7329 levels initially.
Expected trading range for today is between 0.7400 support and 0.7640
Expected trend for today: Bearish
Origin: Economies
