The AUDUSD pair begins today’s trading with clear negativity to attack 0.7519 level and moves below it, which hints the price head to extend the correctional bearish wave on the short term basis, as the next targets located at 0.7451 followed by 0.7383.
Therefore, the bearish bias will be suggested in the upcoming period supported by the negative pressure formed by the EMA50, noting that trading above 0.7519 again will stop the suggested decline and turns us back to neutrality.
Expected trading range for today is between 0.7400 support and 0.7600
Expected trend for today: Bearish
Origin: Economies
