The AUDUSD continues to decline – Analysis - 26-05-2023
Economies.com
2023-05-26 04:13AM UTC
The AUDUSD pair shows more bearish bias to test 0.6500 barrier, waiting for additional negative trades to achieve our next targets that start at 0.6460 and extend to 0.6400.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 0.6550 level.
The expected trading range for today is between 0.6440 support and 0.6550 resistance
The expected trend for today: Bearish
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