The AUDUSD pair continues to fluctuate near the key support 0.7260, settling below the bearish channel’s resistance that appears on the chart, waiting to break the key support to open the way to head towards our waited targets at 0.7200 followed by 0.7170.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.7315.
The expected trading range for today is between 0.7220 support and 0.7315 resistance
The expected trend for today: Bearish
Origin: Economies
