The AUDUSD pair managed to confirm breaking 0.7260 level and hold below it, reinforcing the expectations of continuing the bearish trend within the bearish channel that appears on the chart, waiting for more decline to visit 0.7170 as a next main target.
The EMA50 supports the expected bearish trend, which will remain valid unless the price rallied to breach 0.7260 followed by 0.7315 levels and hold above them.
The expected trading range for today is between 0.7190 support and 0.7290 resistance
The expected trend for today: Bearish
Origin: Economies
