The AUDUSD pair bounced clearly to the downside after retesting 0.7448 yesterday, which supports the continuation of the bearish trend scenario efficiently in the upcoming period, reinforced by the negative pressure provided by the EMA50, waiting to test 0.7329 level initially.
Therefore, we will continue to suggest the bearish bias on the intraday and short term basis conditioned by the price stability below 0.7448 level, reminding you that breaking 0.7329 level will push the price to head towards 0.7210 direct.
Expected trading range for today is between 0.7250 support and 0.7448
Expected trend for today: Bearish
Origin: Economies
