The AUDUSD pair ended yesterday above 0.7125 level, but it begins today with bearish bias to attempt to break this level, which hints the attempt to return to the bearish track, motivated by stochastic negativity.
Therefore, we expect to witness negative trades in the upcoming sessions, and the expected targets begin at 0.7050 and extend to 0.6995, noting that failing to break 0.7125 will push the price to achieve intraday gains that start by testing 0.7205 areas.
The expected trading range for today is between 0.7070 support and 0.7170 resistance
The expected trend for today: Bearish