The AUDUSD pair ended yesterday’s trading below 0.7044 level, to activate the bearish trend scenario on the intraday and short term basis, paving the way to achieve negative targets that start at 0.6915 and extend to 0.6800.
The EMA50 supports the expected decline, which will remain valid unless breaching 0.7044 followed by 0.7110 levels and holding above them.
The expected trading range for today is between 0.6950 support and 0.7080
The expected trend for today: Bearish