The AUDUSD pair begins today’s trading negatively to test the key support 0.7383, waiting to break this level to confirm extending the bearish wave towards our next target at 0.7299.
Stochastic provides negative overlapping signal that we believe it will assist to achieve the required break, which reinforces the chances of continuing our bearish trend expectations in the upcoming sessions, noting that breaching 0.7451 followed by 0.7519 levels will stop the expected decline and push the price to return to the main bullish trend.
Expected trading range for today is between 0.7300 support and 0.7451
Expected trend for today: Bearish
Origin: Economies
