AUD/USD

May 3, 2022

We expect an upward trend for the Australian dollar exchange rate against the US dollar, and the price is now stabilizing around the level of 0.7110. The upside wave for the pair continues when the level of 0.7150 is breached. As a first target, the target loss is stopped at the level of 0.7050, then we target the level of 0.7200 as a second target
Support: 0.7050
Pivot point: 0.7110
Resistance: 0.7150
The direction of the pair: bullish by trading 0.7110 then 0.7150 and the stop loss is 0.7050

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