The AUDUSD pair retests the previously broken neckline of the head and shoulders’ pattern and keeps its stability below it until now, to keep the negative effect of this pattern active, waiting to resume the bearish trend that its next main target located at 0.7020, reminding you that it is important to hold below 0.7140 to continue the expected decline.
Expected trading range for today is between 0.7020 support and 0.7140
Expected trend for today: Bearish