The AUDUSD pair shows sideways trading around the main bearish channel’s support, and the recent fluctuation pushes stochastic to lose its bullish momentum clearly, which supports the chances of resuming the main bearish trend, which its next targets reach to 0.7600.
In general, holding below 0.8025 makes us continue suggesting the bearish trend in the upcoming period, which is supported by the EMA50, noting that breaking 0.7735 level will offer negative motive that supports achieving the suggested targets.
Expected trading range for today is between: 0.7600 support and 0.7900 resistance.
Expected trend for today: Bearish