The AUDUSD pair approached from retesting 0.7519 level and kept its stability below this level, noticing that the price begins to curve lower now in a signal to resume the bearish trend again, where the EMA50 forms continuous negative pressure against the intraday and short term trading, while stochastic begins providing negative overlapping signal on the four hours’ time frame.
Therefore, these factors encourage us to keep preferring the bearish trend in the upcoming sessions, and the targets begin at 0.7451 and extend to 0.7383, reminding you that holding below 0.7519 is important for the continuation of the suggested decline.
Expected trading range for today is between 0.7383 support and 0.7520
Expected trend for today: Bearish
Origin: Economies
