The AUDUSD pair opens today’s trading with clear negativity to move away from 0.7165 level, to keep the negative effect of the double top pattern active, waiting for more decline in the upcoming sessions, supported by stochastic negativity.
Our expected targets begin at 0.7060 and 0.7000, while achieving them conditions holding below 0.7165.
Expected trading range for today is between 0.7040 support and 0.7170
Expected trend for today: Bearish