The AUDUSD pair bounced downwards strongly yesterday after attempting to breach 0.7633, to settle below this level again, heading towards the key support 0.7516.
Therefore, the bearish trend scenario returns to dominate the intraday and short term trading, noting that breaking 0.7516 will push the price towards 0.7415 direct, while holding below 0.7633 represents key condition to continue the expected decline.
Expected trading range for today is between 0.7500 support and 0.7633
Expected trend for today: Bearish