FxWirePro: AUD/USD Daily Outlook

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro:EUR/AUD uptrend looks tired, but continues to hold

FxWirePro- USDCAD Trade Idea

FxWirePro: AUD/JPY extends bearish streak, hits 12-month lows below 87 handle

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (EURAUD and EURGBP) for the day)

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (AUDUSD and USDCAD) for the day)

FxWirePro: EUR/CHF Daily Technical Outlook

FxWirePro- EURUSD Daily Outlook

FxWirePro- GBPJPY Daily Outlook

FxWirePro: EUR/JPY under heavy pressure, flash Manufacturing PMIs in Germany and EMU disappoint

FxWirePro: USD/JPY prints fresh weekly lows, US PMIs, Durable Goods Orders loom

FxWirePro: AUD/USD trades below 5-DMA, poised for further downside

FxWirePro: AUD/USD hovers around 5-DMA, downbeat Aussie PMIs weigh on the Aussie

FxWirePro: Daily Commodity Tracker - 24th March, 2023

FxWirePro: NZD/USD Daily Outlook

FxWirePro- Top altcoins for the day (Strength index) (OMGUSD and RLCUSD)

FxWirePro: BTCUSD Predictions

FxWirePro:EUR/NZD grinds higher as frustrated shorts pare back

©PUBLISH holdings LLC . All Rights Reserved.

FxWirePro: AUD/USD Daily Outlook

Wednesday, May 20, 2020 10:43 AM UTC

AUD/USD chart - Trading View

Technical Analysis: Bias Bullish

GMMA Indicator:

- Major Trend: Turning bullish

- Minor Trend: Strongly bullish

Ichimoku Analysis:

- The pair is extending gains above daily cloud

- Minor pullbacks have bounced off Kijun Sen

Oscillators:

- RSI is above 60 with room to run further

- Stochs are biased higher, momentum bullish

- Bearish divergence on Stochs and RSI could dent upside

Bollinger Bands:

- Bollinger Bands are shrinking on the daily charts, volatility is low

- Upside capped at upper Bollinger band with 'Doji' formation on Tuesday's candle

High/Low:

- Previous Week High/Low - 0.6561/ 0.6402

- Previous Session High/Low - 0.6584/ 0.6509

Major Support Levels: 0.6499 (110-EMA), 0.6450 (21-EMA), 0.6417 (55-EMA)

Major Resistance Levels: 0.6579 (Upper BB), 0.6660 (200-DMA), 0.6675 (76.4% Fib)

Summary: Technical indicators are supportive of upside in the pair. But 'Bearish Divergence' on oscillators might dent upside. FOMC minutes will be crucial for further direction. Markets will watch for hints to economic and rate projections. Any new clues on negative rates could dent the USD, pushing the pair higher.

Editor's Picks

How long does it take for skin to repair after sun exposure?

What happens to your body on a long-haul flight?

Big Tech is firing employees by the thousands. Why?

Are black holes time machines? Yes, but there's a catch

DNA is often used in solving crimes. But how does DNA profiling actually work?

Grit or quit? How to help your child develop resilience

8 everyday foods you might not realise are ultra processed – and how to spot them

Yakuza battle Chinese gangs for control of Japan's criminal underworld

Vitamins and supplements: what you need to know before taking them

Market Data

Accenture reveals job cut plans worldwide affecting 19,000 roles

Toyota to launch 3 new SUVs in India, including next-gen Fortuner

KFC unveils white meat chicken nuggets as it expands its menu in US

Metaverse: Amorepacific launches its 'New Beauty Land' on Decentraland metaverse platform

Hyundai Motor gets ready to compete with Japanese cars in Thailand

SK On signs joint venture with EcoPro, GEM to build $945M plant

Beyoncé launches 16-outfit collection with Balmain after split with Adidas

US, Canada stand united against authoritarianism

FxWirePro: USD/JPY shows lackluster trade, banking crisis fears keep investors wary

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02

Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon

Tel. +82.2.6332.2245

Editor's Picks

Welcome to EconoTimes