AUDUSD Technical Analysis - May 21, 2023
AUDUSD Technical Analysis - May 21, 2023
The graph shows a resistance in 0.68 while support at 0.658. The price is slowly going down showing a down trend and it is possible to reach 0.66 next week. If price reach 0.66 next week it may go down further to the level of support of 0.658.
Scalping strategy may be good next week and may play in the price within 0.66 and 0.665 . If 0 .660 is not hit, price reversal may come soon.
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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