AUDUSD 1HR Analysis 31 May 2021

AUDUSD 1h Analysis May 31st, 2021

We are bearish with this pair but as we can see the previous price action is forming a bullish structure. But if it breaks above the structure high we will enter long after a retest and would target the next previous high. Otherwise if it rejects the resistance level it will continue to go down up to the next previous structure low.

Aviso legal