The AUDUSD pair begins today’s trading with clear negativity to approach from our main initial target at 0.7519, which represents 38.2% Fibonacci level to the rise that was measured from 0.7163 to 0.7739, which means that breaking it will push the price to the next correctional level at 0.7451.
Stochastic and the EMA50 provide negative signals now that encourage us to prefer more of the downside moves in the upcoming sessions, to keep the bearish trend dominant unless breaching 0.7604 then 0.7626 levels and holding above it.
Expected trading range for today is between 0.7450 support and 0.7604
Expected trend for today: Bearish
Origin: Economies
