The AUDUSD pair succeeded to reach our initial waited target at 0.7519, and its begins today with more of the negativity to press on this level and trades below it, which provides signals for opening the way towards the extension of the bearish wave on the short term basis, and that makes the price head to 0.7451 then 0.7383 levels in the upcoming period.
Therefore, the bearish trend will remain preferred in the upcoming sessions, supported by the negative pressure that comes from the EMA50, pointing that the continuation of the bearish trend depends on the stability below 0.7604 level.
Expected trading range for today is between 0.7383 support and 0.7604
Expected trend for today: Bearish
Origin: Economies
