12.08.2020
The Australian dollar against the US dollar is trading with a noticeable negativity now, to break the 0.7125 level and settle below it, which leads the price to turn downward in the upcoming sessions, heading towards a visit to the 0.7000 level as a first negative target.
Thus, the bearish bias will be likely for today unless the price was able to breach 0.7170 level and stabilize above it.
The expected trading range for today is between 0.7020 support and 0.7170 resistance.
The expected general trend for today: Bearish.
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