The AUDUSD pair begins today with strong negativity to surpass the EMA50 and paves the way to achieve more decline in the upcoming sessions, to support the continuation of the correctional bearish scenario, waiting to test 0.7460 as a first station, which breaking it represents the key to head towards 0.7400 as a next target.
Stochastic provides negative signal that supports the expected decline, which will remain valid conditioned by the price stability below 0.7545.
The expected trading range for today is between 0.7430 support and 0.7530 resistance
The expected trend for today: Bearish