The AUDUSD pair shows sideways trading since yesterday, keeping its stability below 0.7200 barrier, while the EMA50 forms continuous negative pressure against the price.
Therefore, the bearish trend will remain valid for today, depending on the stability below 0.7277 level, waiting for targeting 0.7080 then 0.7020 levels as next main stations.
Expected trading range for today is between 0.7100 support and 0.7240
Expected trend for today: Bearish