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The AUDUSD tests the resistance – Analysis - 30-05-2023
The AUDUSD pair tested the key resistance 0.6550 and keeps its stability below it, to start providing negative trades now and attempts to move away from this level, reinforcing the expectations of continuing the bearish trend for the upcoming period, reminding you that our expected targets begin at 0.6460 followed by 0.6400.
The EMA50 pushes negatively on the price to support the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6550.
The expected trading range for today is between 0.6460 support and 0.6550 resistance
The expected trend for today: Bearish
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