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Midday update for the AUDUSD 02-05-2023
The AUDUSD pair rallied upwards clearly to breach 0.6665 level and test the key resistance 0.6715, which urges caution from the upcoming trading, as the price needs to consolidate below this resistance to keep the bearish trend active for the upcoming period, which moves within the bearish channel that appears on the chart, reminding you that our main waited target reaches 0.6550.
The expected trading range for today is between 0.6600 support and 0.6700 resistance
The expected trend for today: Bearish
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