The AUDUSD pair provided clear positive trades yesterday to test the first key resistance 0.7225, keeping its stability below it, to keep the bearish trend scenario active for the upcoming period, waiting to head towards 0.7100 that represents our next main target.
The bearish channel organizes the expected bearish wave, which will remain valid unless the price rallied to breach 0.7225 followed by 0.7280 levels and holding above them.
The expected trading range for today is between 0.7150 support and 0.7255 resistance
The expected trend for today: Bearish
Origin: Economies
