The AUDUSD pair opens today with new strong decline to approach our first negative target at 0.7000, and we expect the continuation of the negative pressure to head towards the previously recorded low at 0.6970.
Therefore, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 0.7130 to continue the suggested decline.
The expected trading range for today is between 0.6970 support and 0.7060 resistance
The expected trend for today: Bearish