AUDUSD Daily Analysis: Key Resistance Levels to Watch
The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403.
This week there are some important news events for the USD. These include:
Technical Analysis:
The USD is currently trading in a range between 0.64537 and 0.63403. The RSI indicator is nearing the overbought zone, which suggests that the currency may be due for a pullback.
Traders should watch for a break below the 0.63403 support level, as this could signal a further decline in the USD.
Conclusion:
The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403.
Always check the news before making any trades, as this week there are some important news events for the USD. These events could have a significant impact on the USD.
The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
This week there are some important news events for the USD. These include:
- The US Federal Reserve interest rate decision
- The US non-farm payrolls report
- The US trade balance report
- These events could have a significant impact on the USD, so traders should be prepared for volatility.
Technical Analysis:
The USD is currently trading in a range between 0.64537 and 0.63403. The RSI indicator is nearing the overbought zone, which suggests that the currency may be due for a pullback.
Traders should watch for a break below the 0.63403 support level, as this could signal a further decline in the USD.
Conclusion:
The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403.
Always check the news before making any trades, as this week there are some important news events for the USD. These events could have a significant impact on the USD.
The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.