The AUDUSD pair fluctuates around 0.7100 level since yesterday, moving within an intraday bearish channel that appears on the chart, while it falls under continuous negative pressure that comes by the EMA50, which supports the expectations of continuing the main bearish trend, which targets 0.7075 followed by 0.7020 levels as next main stations.
We should note that breaching 0.7190 will stop the expected decline and push the price to test 0.7325 before any new attempt to decline.
Expected trading range for today is between 0.7020 support and 0.7190
Expected trend for today: Bearish
Origin: Economies
