The AUDUSD pair opened today with clear negativity to settle below 0.6930 again, which keeps the bearish trend scenario active, supported by the negative pressure formed by the EMA50, besides the negative signal provided by stochastic, waiting to head towards our main expected target at 0.6830.
Note that breaching 0.6930 followed by 0.6955 levels will stop the suggested decline and push the price to turn to rise.
The expected trading range for today is between 0.6860 support and 0.6950 resistance
The expected trend for today: Bearish
Origin: Economies
