AUDUSD resumes the decline – Analysis - 27-11-2017

The AUDUSD pair crawls to the downside calmly after the steadiness of 0.7633 level against the last positive attempts of the price, which supports the continuation of our bearish trend expectations in the upcoming sessions, waiting for testing 0.7516 level initially, reminding you that breaking this level will extend the bearish wave to reach 0.7415 as a next main station.

You should be aware that breaching 0.7633 level will stop the expected decline and leads the price to begin recovery attempts that target 0.7727 levels initially.

Expected trading range for today is between 0.7516 support and 0.7680

Expected trend for today: Bearish