AUDUSD analysis 11.05.2020

The Australian dollar versus the US dollar continues to fluctuate around the 0.6500 level, stable above it, and it moves inside the main bullish channel that appears in the picture, which supports the continuation of the expected upside scenario for the coming period, which gets continuous support from the EMA50, waiting for the direction towards 0.6685 as the next main station .

Note that the positive outlook will remain valid unless the 0.6407 level is broken and stability below it.

The expected trading range for today is between 0.6460 support and 0.6600 resistance

Expected trend for today: bullish