The AUDUSD pair touched our first waited target at 0.7205 and bounced downwards strongly from there, starting today with more decline to break 0.7125 and trade below it, which stops the correctional bullish scenario and lead the price to return to the main bearish track again, on its way to visit 0.7000 areas mainly.
Therefore, the bearish bias will be suggested in the upcoming sessions unless the price consolidated above 0.7125.
The expected trading range for today is between 0.7050 support and 0.7160 resistance
The expected trend for today: Bearish
Origin: Economies
