Midday update for the AUDUSD 02-05-2019

Economies.com
2019-05-02 09:59AM UTC

The AUDUSD pair keeps its stability below 0.7044 level, to keep the negative pressure valid for today, supported by the EMA50, waiting to head towards 0.6800 on the near term basis, reminding you that it is important to hold below 0.7044 to continue the expected decline.

 

The expected trading range for today is between 0.6940 support and 0.7070

 

The expected trend for today: Bearish

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