The AUDUSD breaks the support – Analysis - 13-05-2021
Economies.com
2021-05-12 23:19PM UTC
The AUDUSD pair continued to decline to break 0.7665 level and settles below it, which pushes the price to achieve more decline and head towards visiting 0.7680 level as a next negative target, making the bearish bias suggested in the upcoming sessions.
Moving below the EMA50 supports the expected decline, which will remain valid unless the price managed to breach 0.7765 level and hold above it again.
The expected trading range for today is between 0.7660 support and 0.7780 resistance
The expected trend for today: Bearish
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