The AUDUSD pair hovers around 0.7395 level and keeps its stability below it until now, which keeps the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to resume the negative trades that target 0.7325 as a next station.
On the other hand, we should note that breaching 0.7395 and holding above it will stop the expected decline and push the price to return to the bullish track again.
The expected trading range for today is between 0.7320 support and 0.7430 resistance
The expected trend for today: Bearish
Origin: Economies
