The AUDUSD pair succeeded to touch our second waited target at 0.7329, opening today’s trading with more negativity to break the mentioned level and settles below it, which opens the way to extend the bearish wave to target 0.7210 level as a next main station.
Therefore, the bearish trend will remain suggested in the upcoming period supported by the negative pressure provided by the EMA50, noting that breaching 0.7329 level and holding above it will lead the price for recovery attempts that target 0.7448 initially.
Expected trading range for today is between 0.7210 support and 0.7400
Expected trend for today: Bearish
Origin: Economies
