AUD/USD: Even though the Fed is Dovish the USD has been

Tian Kriek

Analyst


May 21, 2019 03:42 AM

BEARISH

Daily Trading Range:
AUD/USD: Even though the Fed is Dovish the USD has been strenghthening/consolidating as investors flock the USD safe haven. Any strong fundamentals from Australia will send the AUDUSD higher. The Monthly CTL has been broken however, I need to wait for the Daily StochasticRSI to move into the buy zone before I can buy.

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.8460
Resistance 1: 0.8530
Current Price 0.6874
Support 1: 0.7050
Support 2: 0.7000
Support 3: 0.6950

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?