The AUDUSD pair broke the bullish channel’s support line strongly and settled below it, to activate the bearish trend scenario on the intraday and short term basis, paving the way to achieve negative targets that start at 0.7615.
The EMA50 supports the expectations to decline in the upcoming sessions, which will remain valid unless breaching 0.7765 and holding with a daily close above it.
The expected trading range for today is between 0.7640 support and 0.7765 resistance
The expected trend for today: Bearish
Origin: Economies