AUD/USD Outlook (27th May 2019) for FX:AUDUSD by JinDao_Tai

trendanalysis forex macro technical trend audusd

U.S. Bank Holiday
AUD/USD moving towards resistance level

Price Movement
Since last Friday, AUD/USD moved up by around 45pips.

Trend
Overall, AUD/USD is trending downwards.

Important Issue
Today is U.S. Memorial Day. As U.S. banks will be on holiday, expect lower than usual trading volume and volatility.

Technical
AUD/USD is moving towards the resistance level of 0.69573.

Price Levels
Current Price: 0.69333
Next Resistance: 0.69573
Next Support: 0.68550

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