The AUDUSD pair keeps declining to surpass the second target at 0.7315 and settles below it now, opening the way to continue the decline on the intraday and short term basis, noting that the next target is located at 0.7260, which breaking it represents the key to rally towards the recently recorded low at 0.7170.
Therefore, the bearish trend will remain suggested for the upcoming period unless breaching 0.7400 and holding above it.
The expected trading range for today is between 0.7240 support and 0.7350 resistance
The expected trend for today: Bearish