The AUDUSD heads towards the resistance – Analysis - 04-05-2022
Economies.com
2022-05-04 04:13AM UTC
The AUDUSD pair shows new bullish bias to approach testing the key resistance 0.7130, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend valid for the upcoming period, which targets 0.7000 followed by 0.6970 levels mainly, noting that breaching the mentioned resistance will lead the price to start recovery attempts and head towards 0.7230 initially.
The expected trading range for today is between 0.7050 support and 0.7150 resistance
The expected trend for today: Bearish
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