The AUDUSD pair touched our first waited target at 0.7205 but it couldn’t manage to confirm breaching it, to rebound bearishly and head to resume the main bearish trend, on its way to test 0.7125 initially, noting that breaking this level will confirm the continuation of the bearish bias in the upcoming period.
Therefore, we expect to witness negative trades today, taking into consideration that breaching 0.7205 will stop the expected decline and lead the price to achieve more bullish correction.
The expected trading range for today is between 0.7100 support and 0.7205 resistance
The expected trend for today: Bearish
Origin: Economies
