The AUDUSD pair managed to break 0.7210 level again, to resume its short term bearish track, opening the way to head towards 0.7063 as a next main station, as the price falls under continuous negative pressure offered by the EMA50.
Therefore, the bearish bias will remain suggested for the upcoming sessions, noting that stochastic current positivity might push the price for some temporary slight bullish bias before resuming the expected decline, which its continuation conditions holding below 0.7235.
Expected trading range for today is between 0.7063 support and 0.7235
Expected trend for today: Bearish
Origin: Economies
