The AUDUSD pair trades negatively now to press on the intraday bullish channel’s support line and moves below it now, which urges caution from the upcoming trading, as holding below this level and breaking 0.7180 will turn the intraday and short term basis to decline, targeting 0.7115 areas initially, while the price needs to step above 0.7220 to regain the bullish trend again.
Expected trading range for today is between 0.7140 support and 0.7300
Expected trend for today: Bullish