The AUDUSD resumes the bullish trend – Analysis - 05-12-2022

Economies.com
1 month ago

The AUDUSD pair opened today’s trading with strong positivity to move away from 0.6767 level and reach 0.6850 level now, reinforcing the expectations of continuing the bullish trend, organized inside the bullish channel that has positive targets that start at 0.6900 and extend to 0.6950.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.6767 and holding below it.

 

The expected trading range for today is between 0.6800 support and 0.6920 resistance

 

The expected trend for today: Bullish

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