AUD/USD analysis for May 18, 2023 – Potential for the rally towards upper reference
May 18, 2023 12:23 pm
Technical analysis:
AUD/USD has been trading downside this morning but I saw tesd and reject of the key support cluster at the price of 0.6630, which is good sign for the further rally.
Due to the test and rejection fo the key support, I see potential for the rally towards upside references.
Upside objectives are set at the price of 0.6670 and 0.6700
Key support is set at the price of $0.6630
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
AUD/USD
has been trading downside
this morning but I saw tesd and reject of the key support cluster at
the price of 0.6630, which is good sign for the further rally.
Due
to the test and rejection fo the key support, I see potential for the
rally towards upside references.
Upside
objectives are set at the price of 0.6670 and 0.6700
Key
support is set at the price of $0.6630
The material has been provided by InstaForex Company – www.instaforex.com
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