The AUDUSD pair begins today’s trading with slight bearish bias on its way for new test to 0.7044, and the price is affected by stochastic and the EMA50 negativity, but the bullish trend still expected for today depending on the price stability above the mentioned level, and the price needs to breach 0.7090 to ease the mission of heading towards our positive targets that begin at 0.7125 and extend to 0.7250.
We should note that breaking 0.7044 will stop the suggested positive scenario and press on the price to decline again, to start the negative targets at 0.6900.
The expected trading range for today is between 0.7000 support and 0.7120
The expected trend for today: Bullish