The AUDUSD pair settles below 0.7375, and by taking a deeper look at the chart, we find that the price forms double top pattern that reinforces the expectations of continuing the bearish trend in the upcoming period, which targets 0.7300 followed by 0.7225 levels as next main stations.
Stochastic provides negative signals that we are waiting to motivate the price to resume the negative trades, to continue suggesting the bearish trend on the intraday basis unless breaching 0.7375 and holding above it.
The expected trading range for today is between 0.7280 support and 0.7400 resistance
The expected trend for today: Bearish