The AUDUSD pair resumes its negative trading to move away from the EMA50, which supports the continuation of our bearish overview, which targets 0.6964 level as a next main station.
Note that breaking the targeted level will extend the correctional bearish wave to reach 0.6686 on the near term basis, while the expected decline will remain valid unless breaching 0.7180 and holding above it.
The expected trading range for today is between 0.6960 support and 0.7080
The expected trend for today: Bearish
Origin: Economies
