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The AUDUSD price forecast update 15-05-2024
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The AUDUSD price forecast update 15-05-2024
May 15, 2024 3:36 AM

AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach to 0.6640$ and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for today, as it begins the attempts to activate the positive effect of the inverted head and shoulders pattern that appears on the chart, which targets 0.6728$ followed by 0.6800$ mainly. Therefore, our bullish overview will remain valid, noting that failing to consolidate above 0.6640$ will push the price to decline towards 0.6570$ areas before any new attempt to rise. Expected Trading Range Between 0.6600$ support and 0.6700$ resistance

Trend Forecast: Bullish

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