The AUDUSD pair opens today’s trading with clear rise affected by the RBA meeting minutes, to trade above 0.7329 level now, while the EMA50 keeps forming negative pressure against the intraday and short term trading, which keeps the chances valid to rebound bearishly and resume the bearish bias in the upcoming period.
Therefore, we will keep our bearish overview as long as the price is below 0.7448 level, noting that stochastic shows overbought signals, to support the expectations of decline today, reminding you with the waited negative targets that begin at 0.7210 and extend to 0.7063.
Expected trading range for today is between 0.7210 support and 0.7448
Expected trend for today: Bearish
Origin: Economies
