The AUDUSD pair hovers around 0.7210 level since yesterday and attempts to confirm breaking it, as it moves below this level now, which reinforce the chances of continuing the bearish trend on the short term basis, paving the way to head towards our next main target at 0.7063.
Therefore, we are waiting for more decline for today, supported by the negative pressure provided by the EMA50, noting that stochastic positivity might cause some temporary sideways fluctuation before turning back to decline.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bearish
Origin: Economies
