The AUDUSD pair begins today’s trading with clear bearish bias to move below 0.7200, reinforcing the expectations of continuing the bearish trend in the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 0.7080 followed by 0.7020 levels mainly.
Therefore, the bearish bias will remain suggested for today unless breaching 0.7277 level and holding above it.
Expected trading range for today is between 0.7100 support and 0.7250
Expected trend for today: Bearish