Midday update for AUDUSD 09-01-2017

The AUDUSD pair fluctuates near the bearish channel’s resistance keeping its stability below this level, as long as the price below 0.7350, so the bearish trend scenario will remain the dominant in the upcoming sessions, it might be preceded by the sideways fluctuation until stochastic loses its positive momentum then bounce lower to resume the bearish trend, reminding you that our main targets begin at 0.7210 and extend to 0.7063.

Expected trading range for today is between 0.7200 support and 0.7400

Expected trend for today: Bearish