Market analysis of the AudUsd pair with Simple Moving Average technique on Saturday, May 9, 2026 Hello traders, Buyers once again managed to dominate trading on the AudUsd pair traded yesterday after successfully intervening in the market with stronger power and halting the bearish seller's momentum above the buyer support area at the price of 0.7205-0.7206. This caused sellers to lose their bearish momentum and allowed buyers to control the price, pushing it higher in a bullish direction.
Observing the Daily time frame using the Simple Moving Average technique, it is evident that the AudUsd pair has been taken over by buyers who have regained control of the price by dominating sellers and pushing the AudUsd pair higher in a bullish direction away from the Red MA 50 area located at the price of 0.7077. With a wide range and supported by very strong bullish candlesticks, the bullish pressure in the trading for the upcoming week remains quite open. Buyers will maintain their advantage by continuing to enter the market to control the price movement upwards towards the seller's supply resistance area located at the price of 0.7410-0.7450, which is still strongly held by sellers. Trading in the upcoming week on Monday is expected to be dominated by buyers who continue to control the trading by entering larger positions and pushing the price higher. With buyers still in control, trading tends to strengthen in a bullish direction and can be used to look for good Buy entry opportunities or by placing pending orders as follows: The option to Buy can be executed if the price successfully breaks through the seller's resistance area by placing a buy stop pending order at the price of 0.7259-0.7260 with a TP area at the price of 0.7278-0.7279. The option to Sell can be executed if the price successfully breaks through the buyer's support area by placing a sell stop pending order at the price of 0.7212-0.7211 with a TP area at the price of 0.7181-0.7180.
