The AUDUSD pair provided additional negative trades to surpass 0.6970 level and settles below it, opening the way to continue the decline on the intraday and short term basis, noting that our next target is located at 0.6895.
The bearish channel organizes the suggested bearish wave, noting that breaching 0.6970 might push the price to achieve some intraday bullish correction before turning back to decline again.
The expected trading range for today is between 0.6890 support and 0.6990 resistance
Origin: Economies
