The AUDUSD pair settles below the EMA50 that forms continuous negative pressure against the price, reinforcing the expectations of continuing the bearish trend in the upcoming period, supported by stochastic negativity that appears clearly on the four hours’ time frame.
Therefore, we are waiting for negative trades today unless breaching 0.7277 level and holding above it, noting that the next main targets reach 0.7080 followed by 0.7020.
Expected trading range for today is between 0.7140 support and 0.7277
Expected trend for today: Bearish