The AUDUSD pair trades positively after approaching 0.7000 barrier, affected by stochastic positivity that loses its positive momentum clearly, waiting to motivate the price to rebound bearishly and resume the expected bearish trend for the upcoming period, which targets 0.6964 level mainly.
Therefore, the bearish trend scenario will remain valid and active supported by the negative pressure formed by the EMA50, noting that breaching 0.7175 will stop the expected decline and push the price turn to rise again.
The expected trading range for today is between 0.7000 support and 0.7120
The expected trend for today: Bearish