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Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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US Dollar Rip, Dip, Rip Around CPI: EUR/USD, USD/CAD
2021-05-12 16:45:00
EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP
2021-05-12 14:00:00
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of clients are net short.
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Crude Oil Prices May Fall as US Retail Sales Data Shapes Fed Outlook
2021-05-14 04:00:00
Oil Price Stuck in May Opening Range After Failing to Test March High
2021-05-13 14:00:00
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of clients are net short.
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How to Research Stocks: A Step by Step Guide
2021-05-14 02:00:00
Dow Jones Analysis: Stocks Rebound From Recent Losses as Disney Earnings Disappoint
2021-05-13 20:30:00
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Gold Price Forecast: Progressing Towards Multi-Month Resistance - Levels for XAU/USD
2021-05-13 19:00:00
Is Gold a Good Inflation Hedge? - XAU/USD Rejected at Key Trendline, Focus on US PPI
2021-05-13 08:00:00
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Pound Technical Outlook: GBP/USD Testing Support, Trend
2021-05-13 12:30:00
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2021-05-12 06:13:00
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US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields
2021-05-13 22:30:00
US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
2021-05-12 13:15:00
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Forex Analysis: AUD/USD Rebound Cut Short at 1.05

Forex Analysis: AUD/USD Rebound Cut Short at 1.05

Ilya Spivak, Head Strategist, APAC

Strategy: Flat

Prices are turning lower after retesting Rising Wedge support-turned-resistance (1.0517).Rising trend line support is at 1.0359. A drop below that targets a multi-month range bottom at 1.0173. Alternatively, a reversal above resistance aims for the range top at 1.0578. An actionable trade setup is absent for now and we will continue to stand aside.

Forex_Analysis_AUDUSD_Rebound_Cut_Short_at_1.05_body_Picture_1.png, Forex Analysis: AUD/USD Rebound Cut Short at 1.05

Daily Chart - Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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