The AUDUSD pair keeps fluctuating negatively to move at the EMA50, noticing that the price forms double top pattern that its signs appear on the chart, which makes us suggest witnessing negative trades in the upcoming sessions, targeting testing 0.7420 initially.
Therefore, the bearish bias will be suggested for today, noting that the consolidation of 0.7470 level against the current negative pressure will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 0.7420 support and 0.7510 resistance
The expected trend for today: Bearish
Origin: Economies
