The AUDUSD pair fluctuates around 0.7055 level, and the negative effect of the head and shoulders’ pattern still active, waiting to resume the bearish trend that its targets begin by breaking 0.7020 to open the way to head towards 0.6920 as a next station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.7120 level and holding above it.
Expected trading range for today is between 0.6980 support and 0.7120
Expected trend for today: Bearish