The AUDUSD pair begins today’s trading positively to attempt to breach 0.7625, but it declines again to settle below this level, to keep the bearish trend scenario active for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to head towards 0.7505 that represents our next main target.
Note that breaking 0.7590 will ease the mission of achieving the mentioned target, while the expected decline will remain valid unless breaching 0.7625 followed by 0.7665 levels and holding above them.
The expected trading range for today is between 0.7540 support and 0.7665 resistance
The expected trend for today: Bearish