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Australian Dollar Breaks Support - Analysis - 16-05-2018


تحميل






The AUDUSD was able to break below 0.7507 and consolidate below expectations, furthering the bearish outlook for the upcoming sessions and the way ahead of our target at 0.7370.

Therefore, we will maintain our bearish bias for today unless the levels of 0.7507 and then 0.7566 are breached and stability above it.

The trading range for today is expected among the support at 0.7370 and the resistance at 0.7520

The general trend for today is bearish