The AUDUSD pair achieved clear breach to 0.7519 level and settled with a daily close below it, which turns the intraday track to the downside, targeting visiting Fibonacci correction level that begin at 0.7451 then 0.7383.
Therefore, the bearish trend will be preferred in the upcoming period supported by the EMA50, pointing that breaching 0.7519 will stop the current negative pressure and pushes the price to regain its main bullish track.
Expected trading range for today is between 0.7383 support and 0.7600
Expected trend for today: Bearish
Origin: Economies
