Technical Analysis : AUD/USD 20 May 2020

Forex Technical Analysis : AUDUSD

Target Level 0.6585

Date : 20 May 2020

Support Line (A) : 0.6526 – Last TP of Rising Wedge

Resistance Line (B) : 0.6585 – Last TP of Rising Wedge

Target Period : 19 hours

Interval : 1 hour

Pattern : Rising Wedge

Length : 73 Candles

Detail : Rising Wedge identified at 20-May-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.6585 within the next 19 hours. (Supported by Upward sloping Moving Average)

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

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.