Jin_LCMSTraders

AUD/USD Outlook (14th February 2019)

FX:AUDUSD   Australian Dollar / U.S. Dollar

Price Movement
Since yesterday, AUD/USD moved up by around 20pips before coming back down for around 40pips.

Trend
Overall, AUD/USD is moving on a downtrend.

Macro Background
The U.S. Retail Sales data measures the change in the total value of sales at the retail level.
It is scheduled to be released tonight at 2130 (SGT).
It is expected to perform worse than previous month. If the released data is worse than or as expected, we may see a weakening in the U.S. dollar and AUD/USD will be moving up.

Important Issue
None.

Technical
Yesterday, AUD/USD tested and rejected the resistance level of 0.71339.

Price Levels
Current Price: 0.71030
Next Resistance: 0.71339
Next Support: 0.70548
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out