The AUDUSD pair opens today with bearish bias that hints heading to resume the main bearish trend, supported by stochastic negativity that appears clearly on the four hours’ time frame, waiting to test 0.7000 level initially, noting that breaking this level will push the price to 0.6920 as a next negative target.
The EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 0.7125 and hold above it.
The expected trading range for today is between 0.6990 support and 0.7090 resistance
The expected trend for today: Bearish
Origin: Economies
