The AUDUSD pair trade with clear positivity yesterday evening to test 0.9080 level, and it begins today’s trading with bearish bias in attempt to resume the negative trading again, as the EMA50 continues to push on the intraday trading to support the continuation of the bearish wave.
Therefore, we will wait a test to 0.8980 level again, reminding you that breaking it will extend the decline to reach 0.8860 level, while confirming breaching 0.9080 will stop the negative scenario and push the price to attempt to regain the main bullish trend again.
Expected trading range for today is between: 0.8900 support and 0.9135 resistance.
Expected trend for today: Bearish