The AUDUSD pair bounced downwards clearly after retesting 0.7625 level, to break the main bullish trend line and attempts to hold below it, which supports the continuation of our bearish overview, which targets 0.7505 as a next station.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by the price stability below 0.7625 and 0.7665 levels.
The expected trading range for today is between 0.7520 support and 0.7625 resistance
The expected trend for today: Bearish