The AUDUSD attempts to recover – Analysis - 04-05-2021
The AUDUSD pair provided clear positive trades yesterday to test the key resistance 0.7765, and as we mentioned in our last report, this level represents one of the next trend keys besides 0.7650 support, as the price needs to surpass one of these levels to detect its next destionation clearly, which keep our neutrality valid until now.
We remind you that breaching the mentioned resistance will push the price to achieve new gains that start at 0.7835 followed by 0.7900, while breaking the support represents negative factor that will press on the price to return to the correctional bearish track and test 0.7615 followed by 0.7555 areas as initial negative stations.
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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