The AUDUSD pair showed some positive trading yesterday but it found solid resistance formed by the EMA50, to protect the continuation of the recently suggested bearish trend scenario, reinforced by stochastic negativity that appears on the four hours’ time frame.
Therefore, the bearish trend will remain suggested in the upcoming period conditioned by the stability below 0.7240 level, reminding you with the next main target located at 0.7063.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bearish
Origin: Economies
