The AUDUSD pair is showing new retest process to 0.7210 now, accompanied by stochastic approach from the overbought areas, while the EMA50 meets the mentioned level to add more strength to it.
Therefore, these factors encourage us to keep our bearish overview in the upcoming period, which its next target located at 0.7063, noting that breaching 0.7210 will push the price to test 0.7329 before any new attempt to decline.
Expected trading range for today is between 0.7063 support and 0.7250
Expected trend for today: Bearish
Origin: Economies
