The AUDUSD pair attempts to breach 0.7650 level now, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested correctional bearish scenario and lead the price to regain the main bullish trend again, to head towards testing 0.7765 initially.
Therefore, we prefer to stay neutral until the price confirms its situation according to the mentioned level, noting that consolidating below it and breaking 0.7615 will press on the price to decline again and head towards 0.7500 as a next negative target.
The expected trading range for today is between 0.7590 support and 0.7700 resistance
The expected trend for today: Neutral
Origin: Economies
