The AUDUSD pair faced strong negative pressure yesterday to break the bullish channel’s support line and settles below it, to start bearish correction for the rise measured from 0.6967 to 0.7660, noting that the next correctional target is located at 0.7395.
Therefore, the beraihs bias will be suggested for the upcoming period, and breaking 0.7495 will ease the mission of achieving the mentioned target, while the expected decline will remain valid unless breaching 0.7555 and holding above it.
The expected trading range for today is between 0.7450 support and 0.7555 resistance
The expected trend for today: Bearish
Origin: Economies
