Midday update for the AUDUSD 25-05-2023
Economies.com
2023-05-25 10:18AM UTC
The AUDUSD pair settles below 0.6550 level, to keep the negative pressure valid for the upcoming period, affected by the previously completed head and shoulders’ pattern, waiting to head towards 0.6460 followed by 0.6400 levels as next main targets.
We remind you that breaching 0.6550 level and holding above it will stop the current decline and lead the price to achieve intraday gains that start by testing 0.6605 areas.
The expected trading range for today is between 0.6460 support and 0.6570 resistance
The expected trend for today: Bearish
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