The AUDUSD hits the positive target – Analysis - 12-05-2022
Economies.com
2022-05-12 04:09AM UTC
The AUDUSD pair touched our waited positive target at 0.7045 and bounced downwards strongly to press on the recently recorded low at 0.6910, to resume the main bearish track and head to achieve negative targets that start by visiting 0.6855.
Therefore, the bearish bias will be suggested for today unless breaching 0.6995 and holding above it.
The expected trading range for today is between 0.6855 support and 0.6960 resistance
The expected trend for today: Bearish
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