The AUDUSD pair confirmed breaking 0.7600 level after ending yesterday’s trading below it, which confirms the continuation of the bearish bias in the upcoming period, and the target is testing the key support base located at 0.7415.
Stochastic negativity supports the expected decline, being aware that it is important to monitor the price behavior when reaching the targeted level, which breaking it forms negative factor that will lead the price for more decline that its next targets located at 0.7240, while breaching 0.7600 represents the key to regain the short term bullish trend that its main target at 0.8040.
Expected trading range for today is between 0.7450 support and 0.7650
Expected trend for today: Bearish
Origin: Economies
