The AUDUSD pair broke 0.7720 level and settled below it, which opens the way to continue the bearish bias on the intraday basis, targeting the bullish channel’s support that appears on chart at 0.7550, according to the trading rules inside the price channels, waiting to rebound bullishly after touching the targeted level to resume the overall bullish trend.
Note that breaching 0.7720 followed by 0.7805 levels will lead the price to return to the bullish track without the need to the mentioned temporary decline.
Expected trading range for today is between 0.7600 support and 0.7800
Expected trend for today: Bearish
Origin: Economies
