The AUDUSD pair shows sideways and tight range trading near 0.7800 level, noticing that stochastic lost its bullish momentum to start overlapping negatively, which reinforces the chances of resuming the expected bearish trend on the intraday and short term basis, as our next targets extend to reach 0.7680 areas after breaking 0.7800 level.
The EMA50 continues to push negatively on the price to support the suggested decline, which will remain valid and active unless breaching 0.7900-0.7925 levels and holding above them.
Expected trading range for today is between 0.7700 support and 0.7925
Expected trend for today: Bearish