Technical Analysis : AUD/USD 12 May 2020

Forex Technical Analysis : AUDUSD

Target Level 0.6492

Date : 12 May 2020

Support Line (A) : 0.6432 – Last TP of Falling Wedge

Resistance Line (B) : 0.6487 – Last TP of Falling Wedge

Target Period : 14 hours

Interval : 30 Minutes

Pattern : Falling Wedge

Length : 90 Candles

Detail : Falling Wedge has broken through the resistance line at 12-May-12:30. Possible bullish price movement forecast for the next 14 hours towards 0.6492.

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.