The AUDUSD pair fluctuated in sideways track in the last sessions, noticing that stochastic loses its positive momentum gradually, waiting for motivating the price to resume the main bearish trend, targeting 0.7050 level as next station.
Therefore, we will keep preferring the bearish trend in the upcoming period, conditioned by holding below 0.7170 and 0.7205 levels.
The expected trading range for today is between 0.7090 support and 0.7170 resistance
The expected trend for today: Bearish
Origin: Economies
