The AUDUSD pair broke the rising wedge’s support line and settled below it, to activate the negative scenario on the intraday basis, on its way to achieve negative targets that start at 0.7100 and extend to 0.6964.
Therefore, the bearish bias will remain expected for today, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 0.7200.
The expected trading range for today is between 0.7050 support and 0.7180
The expected trend for today: Bearish
Origin: Economies
