Daily Market Analysis 12 May 2022

Daily Market Analysis 12 May 2022

  • Market News
  • Daily Market News
  • 2022, 12 May

AUD/USD

Technical Outlook

AUD/USD could not sustain gains above 0.7050 as it retreated nearly 100-pip in two sessions. The spot even found challenging to hold near 0.6900.

USD rally refuse to die pressures AUD


Technical Indicators
Action
RSI (30)
SELL
Oscillator (1)
SELL
MACD (Below Midline)
SELL
200 EMA (0.7310)
SELL


Strategy

Action
Sell
Entry
0.6900
Target 1 
0.6870
Target 2
0.6840
Stop Loss
0.6930


Key Signposts

AUD: No key data

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