The AUDUSD pair achieved a break to the bullish channel’s support that appears in the image and settled below it, which puts the price under negative pressure that we expect to lead the trading to test 0.7519 level before any new attempt to rise.
Therefore, the bearish bias will be preferred for today, pointing that the expected decline is temporary unless breaking 0.7519 level and holding below it, waiting for bouncing higher and resuming the main bullish trend, while breaching 0.7604 represents the stopping key of the current negative pressure and regaining the main bullish trend.
Expected trading range for today is between 0.7519 support and 0.7650
Expected trend for today: Bearish temporarily
Origin: Economies
