The dollar was down, but remained below a two-month high, on Tuesday morning in Asia. Investors now await U.S. employment data that could determine when the U.S. Federal Reserve will withdraw its stimulus measures. The AUDUSD pair moved down 0.19% to 0.7553.
The AUDUSD pair could not manage to surpass 0.7615 level, to rebound bearishly and head towards expected test to 0.7500 level, making the bearish bias recommended for today, noting that breaking the targeted level will push the price to achieve more bearish correction and head towards 0.7375 as a next negative target.
Therefore, the bearish trend will be expected for the upcoming sessions unless the price managed to breach 0.7615 and hold above it.
The expected trading range for today is between 0.7490 support and 0.7600 resistance
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