• Subdued USD price action does little to provide any fresh impetus.
• Traders now eye Fed speakers for some short-term opportunities.
The AUD/USD pair now seems to have entered a consolidation phase and oscillated within a 15-20 pips narrow trading range through the Asian session on Friday.
Fri May 18, 2018 6:02 am
SusanaP Member
Cash: $ 2.85
Posts: 14
Joined: 21 May 2018
Location: Managua
double bottom lows
Technicals lean bullish with positive RSI and with a long lower wick on the monthly charts. The 21-D SMA has been pierced and eyes are to the 0.76 handle. Key upside target stays with the rising 200-D SMA on the 0.78 handle and thereafter, the 0.7910 level will be in focus. 0.7420 guards a sell-off to 0.7320 double bottom lows. convert aus dollar to usd
