AUDUSD Scalping Technical Analysis - May 21, 2023

 Scalping in down trend! Good time to sell!



Enter the trade tomorrow when the market opens. 0.667 has been hit 3 times showing it is a great resistance. Lower resistance level is at 0.665 and a pull back had already occurred. A great indication for the price to go down. Although a wide gap consolidation is expected for one to two days next week, playing in range 0.66 and 0.665, a great time for scalping.

Comments

  1. As expected price fall to 0.66116 from 0.667 opening last Monday. Today, May 23, 2023, Tuesday, 9pm, price is started to consolidate between 0.6623 and 0.66116. A reversal of price is possible this week since 0.66 support is not hit.

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