The AUDUSD pair continues to decline strongly to approach our waited target at 0.7100, moving inside the bearish channel that appears on the chart, which supports the chances of continuing the decline on the short term and medium term basis, noting that surpassing the mentioned level will push the price to 0.6990 areas as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.7225.
The expected trading range for today is between 0.7070 support and 0.7180 resistance
The expected trend for today: Bearish
Origin: Economies
