The AUD/USD awaits more rise – Analysis – 31/05/2022

forex-news-aud_1The AUDUSD pair managed to build support base above 0.7165 level, reinforcing the expectations of continuing the bullish trend, waiting to visit 0.7265 level as a next positive station.

The bullish channel continues to organize the suggested bullish wave, which will remain valid unless breaking 0.7165 followed by 0.7120 levels and holding below them.

The expected trading range for today is between 0.7130 support and 0.7250 resistance

Origin: Economies

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