Midday update for the AUDUSD 16-05-2019
Economies.com
2019-05-16 09:34AM UTC
The AUDUSD pair succeeded to touch our waited target at 0.6905 and shows some bullish bias after touching the bearish channel’s support that appears on the chart, and it might show some temporary bullish bias before resuming the main bearish trend, as we suggest the continuation of the bearish bias as long as the price is below 0.7044, supported by the EMA50 that presses negatively on the price, reminding you that our next target reaches 0.6800.
The expected trading range for today is between 0.6870 support and 0.6980
The expected trend for today: Bearish
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