The AUD/USD is recovering – Analysis – 18/05/2021

forex-news-aud_1The AUDUSD pair begins today with clear positivity to breach 0.7765 and settles above it, which leads the price to resume the main bullish trend, on its way to achieve gains that start at 0.7890 and extend to 0.8000.

Therefore, the bullish bias will be suggested for today, noting that breaking 0.7765 followed by 0.7705 levels will stop the expected rise and press on the price to achieve more bearish correction on the short term basis.

The expected trading range for today is between 0.7740 support and 0.7860 resistance

The expected trend for today: Bullish

Origin: Economies

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