The AUDUSD pair opens today’s trading with strong negativity to break 0.7044 level and attempts to hold below it, which stops the recently suggested positive scenario and put the price under expected negative pressure in the upcoming period, paving the way to head towards 0.6900 areas mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to step above 0.7044 level and hold above it again.
The expected trading range for today is between 0.6960 support and 0.7060
The expected trend for today: Bearish