The AUDUSD pair provided clear positive trades to breach 0.7500 and test the intraday bearish channel’s resistance that appears on the chart, accompanied by witnessing clear overbought signals through stochastic, noticing that the EMA50 meets the mentioned channel’s resistance to add more strength to it.
Therefore, these factors encourage us to suggest bearish rebound in the upcoming sessions to resume the bearish trend that its next target located at 0.7375, noting that breaching 0.7530 will stop the negative scenario and lead the price to achieve additional gains that reach 0.7615.
The expected trading range for today is between 0.7450 support and 0.7550 resistance
The expected trend for today: Bearish
Origin: Economies
