The AUDUSD pair managed to achieve our first waited target at 0.7300 and bounced bullishly to retest the broken neckline of the double top pattern, and begins to rebound bearishly now, to keep the negative effect of this pattern active, waiting for more decline to surpass the mentioned level and head towards 0.7225 as a next target.
The EMA50 and stochastic support the expected bearish trend, which will remain valid conditioned by the price stability below 0.7375.
The expected trading range for today is between 0.7270 support and 0.7360 resistance
The expected trend for today: Bearish
Origin: Economies
