The AUDUSD pair settles below the EMA50, while stochastic begins to provide negative overlapping signal on the four hours’ time frame, reinforcing the expectations of continuing the bearish trend for today, which targets 0.7000 level initially, while holding below 0.7180 represents the most important condition to continue the expected decline.
Expected trading range for today is between 0.7030 support and 0.7160
Expected trend for today: Bearish