Get started
JinDao_Tai

AUD/USD Outlook (20th May 2019)

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JinDao_Tai  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Forex macro technical trend AUDUSD
1
0
trendanalysis forex macro technical trend audusd
  • Australian Federal Elections 2019
  • AUD/USD testing key level

Price Movement
Since last Friday, AUD/USD moved down by around 30pips before gapping up by around 50pips due to the Australian federal elections over the weekend.

Trend
AUD/USD is trending downwards.

Important Issue
Over the weekend, Australia’s Prime Minister Scott Morrison led the Coalition to victory in the 2019 federal election, winning a third three-year term against the Labor opposition.

Technical
AUD/USD is currently testing the 0.69 key level.

Price Levels
Current Price: 0.69150
Next Resistance: 0.69573
Next Support: 0.68550
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.