The AUDUSD pair reached 0.7340 level, and bounced bearishly to resume the expected bearish track for the upcoming period, motivated by stochastic current negativity, waiting for more decline to break 0.7275 and open the way to head towards 0.7205.
Therefore, the bearish trend scenario will remain active unless breaching 0.7340 and holding above it.
The expected trading range for today is between 0.7250 support and 0.7370 resistance
The expected trend for today: Bearish
Origin: Economies
