The AUDUSD pair managed to touch our waited target at 0.7395 and found solid support there, to test the correctional bearish channel’s resistance now, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target extends to 0.7315.
Therefore, we will keep our bearish overview conditioned by the price stability below 0.7495.
The expected trading range for today is between 0.7390 support and 0.7490 resistance
The expected trend for today: Bearish
Origin: Economies
