JinDao_Tai

AUD/USD Outlook (4th July 2019)

FX:AUDUSD   Australian Dollar / U.S. Dollar
  • U.S. Bank Holiday – Independence Day
  • AUD/USD testing resistance level

Price Movement
Since yesterday, AUD/USD moved up by around 50pips.

Trend
AUD/USD is trending upwards.

Important Issue
Today is U.S. Independence Day, expect lower trading volume as the U.S. banks are on holiday.

Technical
Yesterday, AUD/USD tested and broke the 0.70 key level upwards.
Currently, AUD/USD is testing the resistance level of 0.70250.

Price Levels
Current Price: 0.70428
Next Resistance: 0.70250
Next Support: 0.68500

Free trading community: discord.gg/kPDXU2ZaDt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.