The AUDUSD pair continues to decline to confirm moving inside the bearish channel that appears on chart, reinforcing the expectations of more bearish bias in the upcoming period, which is supported by the negative pressure coming from the EMA50, waiting to visit 0.7400 level as a first main station.
Therefore, we continue to expect the bearish trend on the intraday and short term basis unless breaching 0.7735 followed by 0.7815 levels.
Expected trading range for today is between: 0.7500 support and 0.7735
Expected trend for today: Bearish