The AUDUSD pair continues to rise to reach the intraday bearish channel’s resistance, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to resume the expected bearish trend for today, which targets 0.7100 as a next main station, reminding you that it is important to hold below 0.7290 to continue the suggested negative scenario.
The expected trading range for today is between 0.7190 support and 0.7290 resistance
The expected trend for today: Bearish