The AUDUSD pair retests 0.7087 level that was broken previously and keeps its stability below it, accompanied by witnessing clear overbought signals through stochastic, while the EMA50 keeps pressing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for today, which targets 0.7000 level as a next station, while achieving it conditions holding below 0.7087.
Expected trading range for today is between 0.7000 support and 0.7130
Expected trend for today: Bearish
Origin: Economies
