The AUDUSD retests – Analysis - 08-05-2019
Economies.com
2019-05-08 01:39AM UTC
The AUDUSD pair settles below 0.7044 level after testing it yesterday, which makes us keep our bearish overview on the intraday and short term basis, getting continuous support by the EMA50, waiting to head towards 0.6905 as a next main station.
We should note that breaching 0.7044 and holding above it will push the price to achieve gains that start at 0.7110 and extend to 0.7250.
The expected trading range for today is between 0.6950 support and 0.7044
The expected trend for today: Bearish
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