The AUDUSD pair ended yesterday’s trading below 0.7044 level, to activate the bearish trend scenario on the intraday and short term basis, expecting to achieve negative trading that targets 0.6800 areas mainly.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 0.7044 followed by 0.7135 levels and holding above them.
The expected trading range for today is between 0.6940 support and 0.7070
The expected trend for today: Bearish