The AUDUSD pair succeeded to surpass our first waited target at 0.7100 to open the way to extend the bearish wave on the intraday basis, and the way is open to head towards our next target at 0.6964.
Therefore, the bearish bias will remain dominant in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that the continuation of the expected decline requires holding below 0.7190.
The expected trading range for today is between 0.6970 support and 0.7100
The expected trend for today: Bearish