AUDUSD analysis 25.05.2020

The Australian dollar pair is trading against the US dollar when supporting the main bullish channel that appears in the picture, and gets continuous positive support from the EMA50, which supports the chances of resuming the main bullish trend, whose next target is located at 0.6685.

Consequently, we will maintain our positive expectations for the coming period provided that the price maintains its stability above 0.6515, as breaking it will push the price to test the most important support 0.6407 before any new positive attempt.

The expected trading range for today is between 0.6480 support and 0.6600 resistance.

Expected trend for today: bullish.