The AUDUSD pair attempted to breach 0.7765 elvel but it returns to trade below it, which keeps the bearish trend scenario valid for the upcoming period, supported by the negative signal provided by stochastic, waiting to visit 0.7700 initially.
Note that breaking the targeted level will extend the bearish wave to reach 0.7615, while breaching 0.7765 represents the key to resume the main bullish trend and head to achieve new gains that start by visiting 0.7900 areas.
The expected trading range for today is between 0.7700 support and 0.7800 resistance
The expected trend for today: Bearish
Origin: Economies
