The AUDUSD pair settles below 0.7495 level, to keep the correctional bearish pressure valid for the upcoming period, waiting to visit 0.7395 that represents our next correctional target.
Moving below the EMA50 supports the continuation of the expected bearish trend, noting that breaching 0.7495 will lead the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 0.7430 support and 0.7520 resistance
The expected trend for today: Bearish
Origin: Economies
