The AUDUSD negotiates the resistance – Analysis - 25-05-2022

Economies.com
2022-05-25 04:10AM UTC

The AUDUSD pair attempts to breach 0.7100 level now, and continues to move inside the bullish channel that supports the chances of continuing the rise in the upcoming sessions, and we believe that the way is open to achieve our next positive target at 0.7165.

 

Therefore, we are waiting for more bullish bias today conditioned by the price stability above 0.7045.

 

The expected trading range for today is between 0.7060 support and 0.7165 resistance

 

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The expected trend for today: Bullish

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