The Australian dollar against the US dollar is trading with a noticeable negativity, to break the 0.7575 level and settle below it now, to complete the formation of a double top pattern. We expect it to push the price to achieve more decline today, targeting mainly the test of 0.7520.
Thus, the bearish bias will be likely during the upcoming sessions, noting that breaching 0.7595 will stop the negative scenario and push the price to resume the main bullish trend again.
The expected trading range for today is between 0.7500 support and 0.7600 resistance
The expected general trend for today: Bearish