The AUDUSD pair managed to achieve our first waited negative target at 0.7125, starting today with additional decline to break this level and confirm the continuation of the bearish trend domination on the intraday and short term basis, on its way to visit 0.6995 level as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7125 followed by 0.7150 levels and holding above them.
The expected trading range for today is between 0.7050 support and 0.7160 resistance
The expected trend for today: Bearish
Origin: Economies
