The AUDUSD pair tested the intraday bearish channel’s resistance again and bounced downwards strongly to start the attempts to break 0.7225 level now, which supports the continuation of the expected bearish trend scenario for the upcoming period, which targets 0.7100 as a next station.
The EMA50 supports the suggested decline, which its continuation conditions holding below 0.7285.
The expected trading range for today is between 0.7160 support and 0.7260 resistance
The expected trend for today: Bearish