The AUDUSD pair returned to rise and test the bearish channel’s resistance that appears on the above chart, accompanied by the continuous negative signals that appear through stochastic on the four hours’ time frame, which keeps the chances valid to rebound bearishly and resume the bearish bias on the short term basis.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless we witnessed clear breach and holding above 0.7365, reminding you that our main waited targets start at 0.7210 and extend to 0.7063.
Expected trading range for today is between 0.7210 support and 0.7400
Expected trend for today: Bearish
Origin: Economies
