The AUDUSD pair provided clear negative trades yesterday to surpass the EMA50 and settles below it, which supports the expectations of achieving more decline in the upcoming sessions, waiting to head towards 0.6700 that represents our next main target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 0.6900 will push the price to start new recovery attempts and head towards testing 0.7010 followed by 0.7064 areas initially.
The expected trading range for today is between 0.6790 support and 0.6900
The expected trend for today: Bearish