The AUDUSD pair achieve intraday gains on last Friday, but it ended trades at 0.7125, starting today with additional decline to move below this level, which keeps the bearish trend scenario active for the upcoming period, which targets 0.7000 as a next main station.
Moving below the EMA50 supports the expected decline, which will remain valid 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
