The AUDUSD pair confirmed breaking 0.7395 level and traded negatively yesterday to move away from this level, which supports the continuation of the correctional bearish trend scenario in the upcoming sessions, and by taking a deeper look at the chart, we find that the price completed forming negative pattern that has negative targets that extend to 0.7230 followed by 0.7130.
Therefore, our bearish overview will remain valid and active conditioned by the price stability below 0.7395.
The expected trading range for today is between 0.7290 support and 0.7395 resistance
The expected trend for today: Bearish
Origin: Economies
