The AUDUSD pair returns to decline and trade below the EMA50, hinting the continuation of the negative pressure on the intraday basis, which keeps the bearish trend scenario active until now, waiting to visit 0.7830 level mainly.
Therefore, the bearish trend will remain suggested in the upcoming sessions unless breaching 0.8005 level and holding above it, as this breach will stop the current negative pressure and lead the price to return to rise again.
Expected trading range for today is between 0.7830 support and 0.8005
Expected trend for today: Bearish
Origin: Economies
