The AUDUSD pair showed some bullish bias after approaching from our waited target at 0.7560, as the price was affected by stochastic positivity that loses this positivity clearly approaching from the overbought areas, reinforcing the chances of bouncing bearishly and resume the bearish trend again.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis as long as the price is below 0.7735, supported by the EMA50, reminding you that breaking 0.7560 level will offer the key to extend the bearish wave towards 0.7415.
Expected trading range for today is between 0.7500 support and 0.7735
Expected trend for today: Bearish