Technical Analysis : AUD/USD 20 May 2021

20 May 2021 Analysis (Forex, CFDs, Cryptocurrency)AUD/USDCurrency Pairs

Forex Technical Analysis : AUDUSD 20 May 2021

Forex Technical Analysis : AUDUSD

Date : 20 May 2021

Pivot point : 0.7760

Our preference : short positions below 0.7760 with targets at 0.7710 & 0.7690 in extension.

Alternative scenario : above 0.7760 look for further upside with 0.7780 & 0.7800 as targets.

Comment : as long as the resistance at 0.7760 is not surpassed, the risk of the break below 0.7710 remains high.

Supports and resistances :

0.7800 **
0.7780 *
0.7760
0.7747 – Last price
0.7710
0.7690 *
0.7670 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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