AUD/USD Forecast May 24, Technical Analysis

The AUD/USD pair went back and forth on Monday, as we continue to struggle with the 0.73 level. Any rally at this point in time should have to deal with quite a bit of resistance, going all the way to the 0.74 level, and then the 200 day exponential moving average which is pictured on this chart. Any rally is going to be a selling opportunity given enough time in our experience, and a fairly exhaustive candle would be reason enough to start shorting. On the other hand, we could break down below the bottom of the hammer from a couple of sessions ago, which would be very negative as well. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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