The AUDUSD pair shows more decline to crawl gradually towards our second waited target at 0.6964, supported by the negative pressure formed by the EMA50, waiting for more decline in the upcoming sessions.
The bearish channel that appears on the chart support the chances of surpassing the mentioned level and achieve more negative targets on the longer term basis, while the expected decline will remain valid unless the price rallied to breach 0.7140 level and hold above it.
The expected trading range for today is between 0.6940 support and 0.7060
The expected trend for today: Bearish
Origin: Economies
