The AUDUSD pair provided positive trades to test 0.7500 resistance line and begins to rebound bearishly from there, as the EMA50 meets this resistance to add more strength to it, while stochastic shows clear negative signals now.
Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday and short term basis, which its next target located at 0.7375, while achieving it requires holding below 0.7500.
The expected trading range for today is between 0.7400 support and 0.7500 resistance
The expected trend for today: Bearish
Origin: Economies
