The AUDUSD pair bounced downwards clearly yesterday after testing the bearish channel’s resistance that appears on the chart, to approach our first waited target at 0.7000, waiting for more decline to visit 0.6964 that represents our next negative station.
Therefore, the bearish trend scenario will remain valid and active in the upcoming sessions unless breaching 0.7150 and holding above it.
The expected trading range for today is between 0.7000 support and 0.7100
The expected trend for today: Bearish
Origin: Economies
