The AUDUSD pair found solid support at 0.7160, to rebound upwards clearly and retest the broken support of the bullish channel that appears on the chart, noticing that the price begins today with new decline affected by stochastic negativity, waiting to break 0.7160 to confirm extending the bearish wave towards 0.7100 areas.
In general, the bearish trend scenario will remain active unless the price rallied to breach 0.7265 and hold above it.
The expected trading range for today is between 0.7150 support and 0.7240 resistance
The expected trend for today: Bearish