Wednesday, May 20, 2015

AUD/USD: Another visit to the 55 day EMA

After the Australian Dollar versus the US Dollar bounced to the downside from the 200 day exponential moving average, it has fallen more than 200 pips and reaches the 55 day exponential moving average. As we can see on the daily chart of the AUD/USD, the price has already visited recently that moving average and it has bounced to the upside; therefore, it is possible to see another bullish bounce from this area. But if the EMA is broken to the downside, then the bearish momentum may accelerate even more.


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8 comments:

  1. UnknownMay 20, 2015, 7:39:00 PM

    Good analysis.

    ReplyDelete
  2. UnknownMay 20, 2015, 10:39:00 PM

    The pair is currently consolidating just below 0.79 level, and support can be found 0.7850.

    ReplyDelete
  3. AnonymousMay 21, 2015, 3:19:00 AM

    Good point. I'll keep a close eye on it.

    ReplyDelete
  4. UnknownMay 21, 2015, 8:21:00 AM

    Still testing the support.

    ReplyDelete
  5. UnknownMay 21, 2015, 11:32:00 AM

    Interesting information for this pair!

    ReplyDelete
  6. UnknownMay 22, 2015, 1:08:00 PM

    Well spotted, thank you.

    ReplyDelete
  7. bewayopaMay 22, 2015, 4:31:00 PM

    Very significative level! Thanks for sharing it.

    ReplyDelete
  8. UnknownMay 24, 2015, 12:06:00 PM

    Well spotted. I will watch the price closely.

    ReplyDelete

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