The AUD/USD surpasses the first target – Analysis – 07/05/2021

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair succeeded to achieve our first waited target at 0.7765 and breached it to confirm extending the bullish wave on the intraday and short term basis, waiting for more positive targets that reach 0.7835 followed by 0.7900.

The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 0.7730 and holding below it.

The expected trading range for today is between 0.7740 support and 0.7850 resistance

The expected trend for today: Bullish

Origin: Economies

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