AUDUSD resumes the decline – Analysis - 19-05-2017
Economies.com
2017-05-19 03:58AM UTC
The AUDUSD pair bounced downwards clearly after testing the key resistance 0.7451, to keep the bearish trend scenario valid efficiently for the upcoming period, waiting to break 0.7383 level to confirm opening the way to head towards 0.7299.
Therefore, we will continue to suggest the bearish bias for today, noting that breaching 0.7451 will stop the expected decline and lead the price to head towards 0.7519 followed by 0.7604 initially.
Expected trading range for today is between 0.7300 support and 0.7500
Expected trend for today: Bearish
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