The AUDUSD pair resumes its negative trades strongly by today’s open to achieve the extended target at 0.7135, showing more bearish bias to hint heading to achieve more expected decline on the intraday and short term basis, and we expect to test 0.7100 barrier in the upcoming sessions.
Therefore, the bearish bias will remain dominant in the upcoming sessions, noting that breaching 0.7170 will push the price to test 0.7230 areas before any new attempt to decline.
The expected trading range for today is between 0.7090 support and 0.7170 resistance
The expected trend for today: Bearish
Origin: Economies
