The AUDUSD pair approaches to retest 0.7044 level that was broken previously, which represents the first protection factor to yesterday’s suggested negative scenario besides the second resistance 0.7110, to continue suggesting the bearish trend for the upcoming period, which targets 0.6800 mainly.
We should note that breaching the above mentioned resistance levels will push the price to achieve intraday gains that start at 0.7145 and extend to 0.7250.
The expected trading range for today is between 0.6950 support and 0.7080
The expected trend for today: Bearish