The AUDUSD pair succeeded to touch our first waited target at 0.7200, falling under more negative pressure that supports the chances of extending the bearish wave in the bearish channel that appears on the chart, waiting to head towards our next target at 0.7075.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 0.7310 level and holding above it.
Expected trading range for today is between 0.7120 support and 0.7280
Expected trend for today: Bearish