The AUDUSD touches the resistance – Analysis - 20-05-2022
Economies.com
2022-05-20 04:27AM UTC
The AUDUSD pair rose again yesterday to test the bearish channel’s resistance line, starting to rebound bearishly by today’s open, to head towards forming new bearish wave on the intrady basis, on its way to achieve negative targets that start at 0.6930 and extend to 0.6825.
Therefore, the bearish bias will be suggested for today, supported by stochastic negativity, noting that it is important to hold below 0.7045 to continue the expected decline.
The expected trading range for today is between 0.6950 support and 0.7050 resistance
The expected trend for today: Bearish
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