The AUDUSD pair touched our first waited target at 0.7275 and bounced downwards strongly from there, to break 0.7205 and open the way to return to the main bearish track, to stop the bullish correction that dominated the recent trades and head to achieve negative targets that start at 0.7125 and extend to 0.7000.
Therefore, the bearish bias will be suggested for the upcoming period unless the price rallied to breach 0.7205 followed by 0.7275 levels and hold above them.
The expected trading range for today is between 0.7110 support and 0.7225 resistance
The expected trend for today: Bearish
Origin: Economies
