The AUDUSD pair attempted to break 0.7210 level but without managing to get a daily close below it, which might push the price for some sideways temporary fluctuation before resuming the suggested bearish wave in our recent reports, as stochastic loses its positive momentum clearly reaching the overbought areas, besides that the EMA50 keeps pushing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, and the next target is located at 0.7063, noting that holding below 0.7329 level represents the first protecting factor to the negative overview.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bearish
Origin: Economies
