No news for the AUDUSD – Analysis - 30-05-2017

The AUDUSD pair still stuck between the next trend keys represented by 0.7440 support and 0.7480 resistance, as the price fluctuates within tight and sideways range since yesterday, which keeps our neutrality valid until now, waiting to breach one of the mentioned levels to detect the next targets clearly.

Note that breaking the mentioned support will complete forming technical negative formation that has the ability to push the price towards 0.7383 followed by 0.7299 levels mainly, while breaching the resistance will push the price to achieve gains that start at 0.7519 and extend to 0.7604.

Expected trading range for today is between 0.7340 support and 0.7520

Expected trend for today: Depends on the above mentioned levels