The AUDUSD hits the first positive target – Analysis - 23-05-2022
Economies.com
2022-05-23 04:05AM UTC
The AUDUSD pair managed to touch the first expected positive target at 0.7100 and attempts to breach it now, moving within bullish channel that supports the chances of extending the bullish wave to reach our second target at 0.7165.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaking 0.6995 will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 0.7050 support and 0.7150 resistance
The expected trend for today: Bullish
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