The AUDUSD touches the channel’s support – Analysis - 13-05-2022
Economies.com
2022-05-13 04:29AM UTC
The AUDUSD pair achieved our first waited target at 0.6855 and leaned on the bullish channel’s support line to start bouncing bullishly from there, to hint the beginning of expected bullish wave on the intraday basis, targeting visiting 0.6985 level mainly.
Therefore, we expect to witness positive trades today, and breaching 0.6910 will ease the mission of achieving the suggested target, while breaking 0.6835 will stopt he expected rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 0.6855 support and 0.6960 resistance
The expected trend for today: Bullish
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