The AUDUSD pair confirmed breaking the intraday bullish channel’s support line that appears on the chart, to activate the bearish trend scenario on the intraday basis, waiting to target 0.7000 mainly.
Moving below the EMA50 supports the expected decline, while holding below 0.7125 represents key condition to achieve the expected targets.
The expected trading range for today is between 0.7000 support and 0.7140
The expected trend for today: Bearish