The AUDUSD pair traded with clear negativity on last Friday to approach 0.7765, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets testing 0.7615 mainly.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless breaching 0.7765 level and holding above it.
The expected trading range for today is between 0.7670 support and 0.7765 resistance
The expected trend for today: Bearish
Origin: Economies
