AUDUSD resumes the decline – Analysis - 02/10/2015

The AUDUSD pair kept its stability below the main bearish channel’s resistance, showing bearish rebound signals now that supports the continuation of the bearish trend in the upcoming period, which encourages us to keep our expectations of the main bearish bias, which its targets begin at 0.6860 and extend to 0.6705.

The EMA50 supports the suggested decline, which will remain valid and active unless breaching 0.7065 level and holding with a daily close below it.

Expected trading range for today is between 0.6900 support and 0.7100

Expected trend for today: Bearish