The AUDUSD approaches from retesting the previously broken key support that turns into resistance now at 0.8660, accompanied by stochastic reaching the overbought areas, which supports the continuation of the negative scenario on the intraday and short term basis, which depends on holding below the mentioned level to target 0.8400 areas.
The EMA50 meets 0.8660 level to add more strength to this resistance, noting that breaching this level will push the price to achieve intraday gains that its initial targets reach 0.8895.
Expected trading range for today is between: 0.8500 support and 0.8700 resistance.
Expected trend for today: Bearish