The AUDUSD pair settles below the EMA50, to keep the negative pressure valid on the intraday basis, reinforcing the expectations of heading towards 0.7519 level in the upcoming sessions.
Therefore, the bearish bias will remain suggested for today, reminding you that breaching 0.7604 will stop the current negative pressure and lead the price to regain its main bullish track again, while breaking 0.7519 represents negative factor that will push the price to head towards 0.7451 before any new attempt to rise.
Expected trading range for today is between 0.7500 support and 0.7600
Expected trend for today: Bearish
Origin: Economies
