The AUDUSD pair opens today’s trading with clear negativity to attack the bullish channel’s support line, which leads the price to turn to decline in the upcoming sessions, supported by stochastic negativity, noting that breaking 0.7175 will confirm the continuation of the bearish bias towards 0.7125 as a first negative target.
Therefore, we suggest witnessing more bearish bias today unless the price managed to surpass 0.7205 – 0.7225 levels and holding above them.
The expected trading range for today is between 0.7140 support and 0.7225 resistance
The expected trend for today: Bearish
Origin: Economies
