The AUDUSD pair continues its negative trading to break 0.7451 and settles below it, which opens the way to continue the bearish bias in the coming period, especially after failing to breach the correctional bearish channel’s resistance that appears on chart, to head towards 0.7383 now.
Therefore, the bearish trend will be suggested in the upcoming period unless the price managed to breach 0.7451 followed by 0.7519 levels and hold above them, noting that breaking 0.7383 will open the way to extend the bearish wave to reach 0.7299 as a next main station.
Expected trading range for today is between 0.7300 support and 0.7500
Expected trend for today: Bearish
Origin: Economies
