The AUDUSD pair shows strong bearish bias since the opening of today’s trading to test the critical support 0.8660, and as we mentioned in our previous reports, breaking this level will extend the bearish wave to reach 0.8400 areas.
Therefore, the bearish trend will remain valid and expected for the upcoming sessions, supported by the EMA50, while it remains valid conditioned by holding below 0.8855.
Expected trading range for today is between: 0.8530 support and 0.8740 resistance.
Expected trend for today: Bearish