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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

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Maintains A Firmer Tone

AUDUSD TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 0.7343 61.8% retracement of the Apr 5 - May 12 bear leg
  • RES 3: 0.7266 High May 4/5 and a bull trigger
  • RES 2: 0.7178 50-day EMA
  • RES 1: 0.7135 High May 6
  • PRICE: 0.7079 @ 06:45 BST May 24
  • SUP 1: 0.7002 Low May 20
  • SUP 2: 0.6950/29 Low May 18 / Low May 12 and the bear trigger
  • SUP 3: 0.6805 Low Jun 22 2020
  • SUP 4: 0.6784 0.764 proj of the Apr 5 - May 2 - 4 price swing

AUDUSD maintains a firmer short-term tone. The pair traded higher last week and again yesterday. Resistance at 0.7054, May 11 high, has been cleared. A continuation higher would strengthen the current bull cycle and open the 50-day EMA at 0.7178. Gains are still considered corrective and the primary direction remains down. The bear trigger is unchanged at 0.6829, the May 12 low. Initial firm support to watch is at 0.6950, the May 18 low.

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  • RES 4: 0.7343 61.8% retracement of the Apr 5 - May 12 bear leg
  • RES 3: 0.7266 High May 4/5 and a bull trigger
  • RES 2: 0.7178 50-day EMA
  • RES 1: 0.7135 High May 6
  • PRICE: 0.7079 @ 06:45 BST May 24
  • SUP 1: 0.7002 Low May 20
  • SUP 2: 0.6950/29 Low May 18 / Low May 12 and the bear trigger
  • SUP 3: 0.6805 Low Jun 22 2020
  • SUP 4: 0.6784 0.764 proj of the Apr 5 - May 2 - 4 price swing

AUDUSD maintains a firmer short-term tone. The pair traded higher last week and again yesterday. Resistance at 0.7054, May 11 high, has been cleared. A continuation higher would strengthen the current bull cycle and open the 50-day EMA at 0.7178. Gains are still considered corrective and the primary direction remains down. The bear trigger is unchanged at 0.6829, the May 12 low. Initial firm support to watch is at 0.6950, the May 18 low.