The AUDUSD is satisfied with the recent gains – Analysis - 18-05-2022
Economies.com
2022-05-18 04:21AM UTC
The AUDUSD pair’s rise stopped at 0.7045 level, to stop the intraday bullish correction and head towards resuming the main bearish track again, as it begins today with clear negativity and heads to achieve more expected decline in the upcoming sessions, noting that breaking 0.6995 will reinforce the chances of continuing the decline and head towards 0.6930 followed by 0.6825 levels as next negative stations.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 0.7075 and hold above it.
The expected trading range for today is between 0.6940 support and 0.7045 resistance
The expected trend for today: Bearish
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