The AUDUSD pair ended last week below 0.7595 level, which stops the recently suggested positive scenario and push the price under the negative pressure in the upcoming period, and as we mentioned in our last technical report, settling below the mentioned level opens the way to target 0.7448 level as a next main station.
Therefore, the bearish bias will be suggested in the upcoming sessions supported by the negative pressure provided by the EMA50, noting that breaching 0.7595 level will stop the current decline and lead the price to regain its main bullish track.
Expected trading range for today is between 0.7448 support and 0.7630
Expected trend for today: Bearish
Origin: Economies
