The AUDUSD pair provided additional negative trades to achieve our next negative target at 0.6930, settling around this level now, falling under continuous negative pressure coming by the EMA50, to support the chances of surpassing this level and open the way to head towards 0.6830 as a next negative target.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless the price rallied to breach 0.6995 followed by 0.7050 levels and holding above them.
The expected trading range for today is between 0.6890 support and 0.6990 resistance
Origin: Economies
