The AUDUSD pair opens today’s trading with new bearish bias to move away from 0.7100 barrier, reinforcing the expectations of continuing the main bearish trend, organized inside the bearish channel that appears on the chart, waiting to visit 0.7000 mainly.
On the other hand, we should note that the continuation of the bearish wave requires holding below 0.7140 and the most important below 0.7170.
The expected trading range for today is between 0.7000 support and 0.7110 resistance
The expected trend for today: Bearish