The AUDUSD pair continues to fluctuate at the key resistance 0.7383, accompanied by stochastic move at the overbought areas, while the EMA50 keeps pushing negatively on the price.
Therefore, the bearish trend scenario will remain active for the upcoming period, waiting to rebound bearishly to target 0.7299 followed by 0.7163 levels mainly, noting that breaching 0.7383 will push the price towards 0.7451 direct before any new attempt to resume the bearish trend.
Expected trading range for today is between 0.7280 support and 0.7415
Expected trend for today: Bearish
Origin: Economies
