The AUDUSD pair shows slight bearish bias after approaching from breaching 0.7519 level yesterday, where the EMA50 keeps pushing negatively on the price, while stochastic shows negative signals on the four hours’ time frame.
Therefore, these factors encourage us to keep our bearish trend expectations that targets 0.7451 then 0.7383 mainly, being aware that breaching 0.7519 will motivate the price to begin recovery attempts that targets 0.7604 levels initially.
Expected trading range for today is between 0.7383 support and 0.7520
Expected trend for today: Bearish
Origin: Economies
