The AUDUSD pair fluctuates near the EMA50 settling below it, noticing that stochastic loses its positive momentum gradually approaching from the overbought areas, which forms negative factor that we are waiting to motivate the price to rebound bearishly to resume the correctional bearish trend, which its next target located at 0.7329.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless breaching 0.7448 level and holding above it, noting that breaking the targeted level will extend the bearish wave to reach 0.7210 direct.
Expected trading range for today is between 0.7300 support and 0.7500
Expected trend for today: Bearish
Origin: Economies
