Trevor Neal Posted May 8, 2020 Share Posted May 8, 2020 Where could we see AUD/USD trade in the coming days given the recent move higher? Quote Link to comment Share on other sites More sharing options...
0 Beniamin Thomas Posted May 9, 2020 Share Posted May 9, 2020 Thank you for your question. In general, AUD/USD has been one of the most volatile pairs out there recently. Following the creation of an 18-year low in March, the Aussie has rebounded strongly to trade at the February levels. The price action tested the 100-DMA on Friday just below $0.6540. A break of this resistance level would pave the way for a move to $0.6670, a confluence of the 200-DMA and the horizontal resistance. The confluence usually tends to attract the price action like a magnet, hence I’d be expecting the Aussie to try to test $0.6670 before rotating lower. Quote Link to comment Share on other sites More sharing options...
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Trevor Neal
Where could we see AUD/USD trade in the coming days given the recent move higher?
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