AUD/USD Outlook (27th May 2019)
Australian Dollar/U.S. DollarFXCM
Description
⋅ - 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