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The AUDUSD awaits more decline – Analysis - 01-05-2023
The AUDUSD pair provided negative trades in the previous sessions but it returns to fluctuate above 0.6600 barrier, losing its positive momentum again to get negative motive that we are waiting to assist to push the price to decline again, waiting to visit 0.6550 as a next main target.
Therefore, our bearish overview will remain valid and active, organized inside the bearish channel that appears on the chart, noting that breaching 0.6665 followed by 0.6715 levels will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 0.6560 support and 0.6660 resistance
The expected trend for today: Bearish
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