The AUDUSD gets positive signals – Analysis - 05-05-2021

2021-05-05 00:57:23 GMT (Economies.com)
 

The AUDUSD pair attempted to break the intraday bullish trend line but it returned to move above it, which hints heading to rise in the upcoming sessions, targeting testing 0.7765 as a first station, noting that breaching this level will extend the bullish wave to reach 0.7835 as a next target.

 

On the other hand, we should note that breaking 0.7660 will stop the expected rise and press on the price to achieve more bearish correction on the intraday and short term basis.

 

The expected trading range for today is between 0.7680 support and 0.7780 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2169
-0.0004
0.0353%
1.4151
0.0015
0.1079%
Tadawul
10322.68
86.96
0.85%
27.471
-0.333
1.198%
64.920
-0.472
0.722%
68.46
0.13
0.19%
1831.330
-12.895
0.699%
 
 
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