The AUDUSD pair bounced bearishly after retesting 0.7383 level yesterday, to keep the bearish trend active on the intraday and short term basis, waiting to test 0.7299 level as a next main station, reminding you that breaking this level will push the price to visit the previously recorded bottom at 0.7163.
The EMA50 keeps supporting the bearish wave that moves organized inside the bearish channel that appears on chart, which its continuation conditions holding below 0.7451 and 0.7519 levels.
Expected trading range for today is between 0.7240 support and 0.7415
Expected trend for today: Bearish
Origin: Economies
