The AUDUSD pair resumed its negative trading clearly by today’s opening to approach from our waited target at 0.7830, to keep the bearish trend valid inside the bearish channel that appears on chart, being aware that it is important to monitor the price when reaching the mentioned level, as breaking it will push trading to test the short term bullish trend line at 0.7765.
Therefore, the bearish trend will remain suggested for today unless the price managed to breach 0.7930 level and hold with a daily close above it.
Expected trading range for today is between 0.7765 support and 0.7930
Expected trend for today: Bearish
Origin: Economies
