The AUDUSD pair found solid resistance around 0.7150 level, to rebound downwards clearly and head towards potential visit to the bullish channel’s support line, located now around 0.6920.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, taking into consideration that breaching 0.7090 will stop the expected decline and lead the price to resume the main bullish wave.
The expected trading range for today is between 0.6980 support and 0.7100 resistance
The expected trend for today: Bearish