The AUDUSD pair shows positive trading since morning to approach testing 0.7310 level, accompanied by stochastic reach to the overbought areas, while the EMA50 keeps pressing negatively on the price.
Therefore, we will continue to suggest the bearish trend for today unless breaching 0.7310 level and holding above it, noting that we are waiting to visit 0.7075 level as a next main station.
Expected trading range for today is between 0.7170 support and 0.7310
Expected trend for today: Bearish