AUDUSD near support zone

28 May 2021

AUDUSD currently stands at the support of the upward sloping trend line suggesting limited downside potential, the pair has ended in four consecutive doji formations near the trend line supporting the above observation. It is likely that AUDUSD could rise further towards 0.7770 and 0.7800 while it sustains above 0.7710.

Prepared by
Technical Analysis Team

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