The AUDUSD pair opens today’s trading with clear decline to attack 0.7595 level and moves below it after attempting to breach it on last Friday, as the price falls under negative pressure provided by stochastic, while the EMA50 attempts to provide the positive support to the price.
Therefore, we prefer staying aside until confirming the next trend, and the price needs to confirm surpassing one of the next trend keys represented by 0.7525 support and 0.7595 resistance, reminding you that breaching this resistance will lead the price to head towards 0.7833 followed by 0.8115 levels mainly, while breaking the support will push trading to return to the correctional bearish track that its next targets located at 0.7448 then 0.7329.
Expected trading range for today is between 0.7448 support and 0.7700
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
