The AUDUSD pair begins today’s trading with strong negativity to trade below 0.7595 level after attempting to breach it yesterday, which keeps the bearish trend scenario valid until now, supported by stochastic negativity, besides the negative pressure provided by the EMA50, waiting to visit 0.7448 level as a first main station.
Note that breaching 0.7595 level and holding above it will stop the suggested decline and lead the price for recovery attempts that its main targets begin at 0.7833.
Expected trading range for today is between 0.7448 support and 0.7625
Expected trend for today: Bearish
Origin: Economies
