The AUDUSD faces solid resistance – Analysis - 02-10-2020

The AUDUSD pair finds difficulty to confirm breaching 0.7190 level, as it found solid resistance there, to start bouncing bearishly and hint resuming the correctional bearish scenario, supported by stochastic negativity.

Therefore, the bearish bias will be expected for today, which targets 0.7100 followed by 0.6964 levels as next main stations, noting that the continuation of the bearish trend depends on the price stability below 0.7190. 

The expected trading range for today is between 0.7100 support and 0.7200

The expected trend for today: Bearish