The AUDUSD pair settles near 0.7020 level, falling under negative pressure affected by the previously completed head and shoulders’ pattern, which supports the chances of breaking the mentioned level to head towards 0.6920 that represents our next negative target, to keep the bearish trend valid in the upcoming period conditioned by the price stability below 0.7130.
Expected trading range for today is between 0.6970 support and 0.7100
Expected trend for today: Bearish
Origin: Economies
