Daily Market Analysis 21|05|2021: AUDUSD
Instrument: AUDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.77825 with take profit at 0.77938. Bearish Preference: Sell position is envisaged if price trades below 0.77680 with take profit at 0.77564. Fundamentals:2:45pm USD Flash Manufacturing PMI Comment: The Australian dollar came under pressure Wednesday as FOMC minutes mentioned tapering of asset purchases, specifically …