The AUDUSD pair couldn’t manage to hold for long time above 0.7130 level, to decline strongly and break this level to settle below it again, which presses on the price to resume the main bearish trend, which targets 0.7000 followed by 0.6970 levels as next main stations.
Therefore, we expect to witness more decline in the upcoming sessions conditioned by the price stability below 0.7130.
The expected trading range for today is between 0.7000 support and 0.7100 resistance
The expected trend for today: Bearish