The AUDUSD pair is testing the key support 0.7448 now, as the EMA50 forms negative pressure against the intraday and short term trading, which hints that the price is on its way to break the mentioned support followed by resuming the main bearish trend.
Therefore, we expect the domination of the bearish bias on the upcoming trading, and breaking 0.7448 level will open the way to head towards 0.7329 mainly, taking into consideration that breaching 0.7595 followed by 0.7675 levels will stop the current negative pressure and lead the price for recovery attempts that its targets begin at 0.7833 and extend to 0.8115.
Expected trading range for today is between 0.7329 support and 0.7550
Expected trend for today: Bearish
Origin: Economies
