The AUDUSD pair provided slight positive trades yesterday, starting today with bearish bias that hints resuming the expected bearish trend for the upcoming period, supported by stochastic negativity, waiting to break 0.7500 to confirm opening the way to head towards 0.7375 as a next target.
Therefore, the bearish trend scenario will remain valid and active on the intraday and short term basis, noting that the continuation of the bullish wave requires holding below 0.7545 and the most important below 0.7615.
The expected trading range for today is between 0.7450 support and 0.7560 resistance
The expected trend for today: Bearish
Origin: Economies
