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18.05.2022 06:22

AUD/USD Price Analysis: Bulls rest up at 50% mean reversion target

  • AUD/USD bears are looking for a discount at critical level.
  • The bulls are testing bear's commitments at daily resistance. 

As per the prior analysis, AUD/USD Price Analysis: Bulls are taking charge at critical daily resistance, the bulls have moved in to the target area on the daily chart as follows:

AUD/USD daioy chart, prior analysis

AUD/USD live charts

The price could now struggle at this juncture and if the bears commit at a diocount, then we coudl see a follow though into the weekly targt areas for the forseeible future:

AUD/USD weekly chart

The bears will be looking to the 0.68 figure to mitigate the price imbalance between 0.6776 and 0.6828 ahead of 0.6536.


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