The AUDUSD pair traded with strong negativity to move away from 0.7615, on its way to achieve our waited negative target at 0.7500, waiting for more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50.
Holding below 0.7615 is important to continue the expected decline, as breaching it will lead the price to start new bullish wave and return to the main bullish track again.
The expected trading range for today is between 0.7480 support and 0.7600 resistance
The expected trend for today: Bearish
Origin: Economies
