The AUDUSD pair hovers around the intraday bearish channel’s resistance that appears on the chart, noticing that stochastic begins to overlap negatively now, to provide negative motive that we are waiting to push the price to resume the main bearish trend, which targets testing 0.7000 as a first station.
Therefore, we will keep our bearish overview conditioned by the price stability below 0.7155.
Expected trading range for today is between 0.7000 support and 0.7140
Expected trend for today: Bearish