The AUDUSD pair shows new negative trades by today’s open to move below 0.7125 level, and the EMA50 forms good negative pressure against the price, noticing that stochastic provides negative overlapping signal now.
Therefore, we believe that the chances valid to continue the decline in the upcoming sessions, which targets 0.7000 level mainly, noting that it is important to hold below 0.7125 – 0.7135 levels to continue the expected decline.
The expected trading range for today is between 0.7050 support and 0.7160 resistance
The expected trend for today: Bearish
Origin: Economies
