The AUD/USD surpasses the resistance – Analysis – 26/05/2021

forex-news-audThe AUDUSD pair managed to surpass 0.7765 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards our main waited target at 0.7890.

Therefore, the positive scenario will remain valid and active as long as 0.7735 level remains intact, noting that stochastic provides positive signals that support the expected rise.

The expected trading range for today is between 0.7735 support and 0.7850 resistance

The expected trend for today: Bullish

Origin: Economies

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