The AUDUSD pair declined strongly to reach our extended target at 0.7130, showing some bullish bias affected by stochastic positivity, and it might test 0.7235 before turning back to decline again.
Holding below the last level keeps the negative scenario dominant on the intraday and short term basis, noting that breaking 0.7130 will push the price to 0.7050 followed by 0.6970 levels as next targets.
The expected trading range for today is between 0.7120 support and 0.7230 resistance
The expected trend for today: Bearish
Origin: Economies
