The AUDUSD breaches the resistance – Analysis - 17-05-2022
Economies.com
2022-05-17 04:02AM UTC
The AUDUSD pair bounced upwards strongly to breach 0.6950 and heads towards achieving more intraday gains, on its way to visit the bearish channel’s resistance at 0.7095.
Therefore, we expect to witness more rise in the upcoming sessions supported by moving above the EMA50, noting that breaking 0.6965 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 0.6965 support and 0.7060 resistance
The expected trend for today: Bullish
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