The AUDUSD pair resumed its negative trading strongly to approach our waited target at 0.7000, organized inside the bearish channel that appears on the chart, which supports the chances of extending the bearish wave on the intraday and short term basis, as the next target reaches 0.6920.
The EMA50 supports the suggested negative scenario, which will remain valid conditioned by the price stability below 0.7125.
The expected trading range for today is between 0.6960 support and 0.7080 resistance
The expected trend for today: Bearish
Origin: Economies
