The AUDUSD pair shows positive trades to approach 0.7205 level again, and the EMA50 forms continuous negative pressure against the price, to support the continuation of the expected bearish trend on the intraday and short term basis, which targets testing 0.7125 level initially.
On the other hand, we should note 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 0.7125 support and 0.7240 resistance
The expected trend for today: Bearish.
Origin: Economies
