Midday update for the AUDUSD 04-05-2021
Economies.com
2021-05-04 08:36AM UTC
The AUDUSD pair trades negatively to head towards potential test to the key support 0.7650, which represent one of the next trend keys besides 0.7765 resistance, as the price needs to surpass one of these levels to detect its next targets clearly.
Therefore, we will continue with our neutrality until we get clearer signal for the next trend, noting that the details of the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 0.7700 support and 0.7820 resistance
The expected trend for today: Neutral
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