The AUDUSD pair starts to show bearish rebound signals now, which supports the continuation of the overall bearish trend, organized inside the bearish channel that appears on chart, which gets continuous support from the EMA50, waiting to head towards 0.7000 followed by0.6800 levels in the upcoming period.
Stochastic loses its positive momentum clearly to reinforce the expectations to decline, which its continuation conditions holding below 0.7230.
Expected trading range for today is between 0.7000 support and 0.7230
Expected trend for today: Bearish