AUD/USD Weekly Analysis – Wednesday, May 9

AUD/USD broke below 0.7472 support and extended its downside movement from 0.7813 to as low as 0.7424. Further decline could be expected in a couple of days, and next target would be at 0.7300 area. Key resistance is now at 0.7560, only a breakout of this level could signal completion of the downtrend.

AUDUSD 4-hour chart

Print Friendly, PDF & Email
No tags for this post.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *