The AUDUSD pair made an attempt to break the main bearish channel’s support, but it shows some slight bullish bias now affected by stochastic positivity, which starts to lose this positivity gradually, and that supports the chances of resuming the overall bearish trend in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend on the short term and medium term basis, and the next target at 0.7600, while the continuation of this decline depends on holding below 0.8025.
Expected trading range for today is between: 0.7600 support and 0.7900 resistance.
Expected trend for today: Bearish