The AUDUSD loses momentum – Analysis - 03-05-2022
Economies.com
2022-05-03 03:57AM UTC
The AUDUSD pair trades at the bearish channel’s resistance that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the negative trades to achieve our targets that start at 0.7000 followed by 0.6970.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7130 and holding above it.
The expected trading range for today is between 0.7025 support and 0.7130 resistance
The expected trend for today: Bearish
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