The AUDUSD is forced for some decline – Analysis - 11-05-2021
Economies.com
2021-05-11 00:13AM UTC
The AUDUSD pair bounced bearishly after approaching our waited target at 0.7900, to retest the breached resistance that turns into key support now at 0.7810, which represents the first protection factor to the continuation of the recently suggested positive scenario.
The EMA50 continues to support the price from below to reinforce the expectations of continuing the main bullish trend, reminding you that our extended target reaches 0.8000.
The expected trading range for today is between 0.7790 support and 0.7900 resistance
The expected trend for today: Bullish
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