The AUDUSD pair shows some slight bullish bias affected by stochastic positivity, which might push the price to retest 0.7383 level that was broken previously before turning back to decline.
In general, the bearish trend still suggested on the intraday and short term basis unless we witnessed clear breach to 0.7451 followed by 0.7519 levels and hold above them, as trading remains stable inside the bearish channel that appears on chart, waiting to test 0.7299 level initially, which breaking it represents the key to extend the bearish wave to reach the previously recorded low at 0.7163.
Expected trading range for today is between 0.7250 support and 0.7415
Expected trend for today: Bearish
Origin: Economies
