The AUDUSD pair didn’t show any strong move since morning, to remain stable below the horizontal line 0.7935, noticing that stochastic is losing its bullish momentum clearly to reach the overbought areas, which supports the chances of resuming the expected bearish trend on the intraday and short term basis.
We remind you that the continuation of the suggested bearish trend depends on holding below 0.8000.
Expected trading range for today is between 0.7770 support and 0.8000
Expected trend for today: Bearish