The AUDUSD pair resumed its negative trading to approach from our main waited target at 0.7210, which represents 61.8% Fibonacci correction for the rise measured from 0.6825 to 0.7833, which urges caution when reaching it, as breaking this level will extend the bearish wave to target 0.7063 area as a next main station, while holding against the negative pressure will lead the price for recovery attempts and regain the main bullish trend.
In general, the bearish bias will remain suggested for today unless we witnessed clear breach to 0.7329 level and holding above it.
Expected trading range for today is between 0.7130 support and 0.7329
Expected trend for today: Bearish
Origin: Economies
