The AUDUSD pair bounced bearishly after the EMA50 proved its strength against the price positive attempts, supported by stochastic negativity that appears clearly on the four hours’ time frame, which keeps the bearish trend expectations valid efficiently for the upcoming period, which its next target located at 0.7100.
We remind you that holding below 0.7415 and 0.7560 levels represents a main condition to achieve the suggested decline.
Expected trading range for today is between 0.7200 support and 0.7400
Expected trend for today: Bearish