The AUDUSD pair retests the previously broken support of the intraday bullish channel, affected by stochastic positivity, while the EMA50 forms resistance barrier against the positive attempts, to continue suggesting the bearish trend for the upcoming period conditioned by the price stability below 0.7125, reminding you that our next target is located at 0.7000.
The expected trading range for today is between 0.7000 support and 0.7140
The expected trend for today: Bearish