Monthly Analysis AUDUSD - May 2018


The AUDUSD currency pair has traded within a large sideways consolidation pattern since 2015. Although the price action has traded beneath the cloud during this period there has taken place in a positive shift of momentum which can be seen by the Tenkan-Sen (red line) crossing above the Kijun-Sen (blue line). However, AUDUSD has found stiff resistance in the form of the cloud. A resumption on the upside momentum would require a break above the 0.8170 level as this areas would seem to offer significant resistance. A resumption of the downtrend hovwever would require AUDUSD to trade beneath the 0.7500 area which coincides with the last isolated low.




Risk Warning

Risk Warning: CFD’s and Foreign Exchange (FX) traded on margin carries a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade because you can lose some or all invested capital. Investors may choose to seek independent advice and should not risk more than they are prepared to lose. takes no responsibility for money made or lost as a result of a member’s activity in the financial markets. By signing up as a member you acknowledge that is not providing financial advice but an educational service. A member must make their own financial decisions.