The AUDUSD pair begins today’s trading with bearish bias after the EMA50 formed solid resistance barrier against the price’s recent positive attempts, to keep the bearish trend scenario valid in the upcoming period, supported by the negative signal provided by stochastic now.
Our main waited target is located at 0.7270, reminding you that it is important to settle below 0.7473 to continue the expected decline.
Expected trading range for today is between 0.7330 support and 0.7473
Expected trend for today: Bearish