The AUDUSD pair resumed its negative trades to move away from 0.7260 level, which supports the continuation of the bearish trend scenario on the intraday and short term basis, and the way is open to visit the previously recorded low at 0.7170.
The bearish channel continues to organize the suggested bearish wave, reminding you that holding below 0.7260 and 0.7315 levels is important to continue the expected decline.
The expected trading range for today is between 0.7170 support and 0.7260 resistance
The expected trend for today: Bearish