The AUDUSD pair confirmed breaking 0.7205 level after ending yesterday below it, to support the continuation of the expected bearish trend for the upcoming period efficiently, supported by the negative signal provided by stochastic now, waiting to visit 0.7125 as a next target.
Note that breaching 0.7205 and holding above it will lead the price to resume the rise within the bullish channel that appears on the chart to head towards testing 0.7275 initially.
The expected trading range for today is between 0.7125 support and 0.7250 resistance
The expected trend for today: Bearish
Origin: Economies
