AUDUSD Daily Analysis – May 31, 2019

AUDUSD failed to break above 0.6934 resistance and stayed in a trading range between 0.6864 and 0.6934. As long as 0.6934 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7205, another fall towards 0.6800 is still possible after the consolidation. Only break above 0.6934 resistance could … Continue reading “AUDUSD Daily Analysis – May 31, 2019”

EURUSD Daily Analysis – May 31, 2019

EURUSD is facing 1.1106 support. A breakdown below this level could take the price to next support level at around 1.1030. Near term resistance is at 1.1155, a break of this level would indicate that corrective consolidation for the downtrend from 1.1215 is underway, then further rally to 1.1170 area could be seen.

USDJPY Daily Analysis – May 30, 2019

USDJPY moved sideways in a trading range between 109.15 and 109.74. As long as 109.74 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 110.67, further decline towards 108.50 is still possible after the consolidation. On the upside, a breakout of 109.74 resistance would indicate that the … Continue reading “USDJPY Daily Analysis – May 30, 2019”

AUDUSD Daily Analysis – May 30, 2019

AUDUSD is testing 0.6934 key resistance. A breakout of this level could take the price to 0.7000 area. On the downside, as long as 0.6934 resistance holds, the price action in the trading range between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, another fall towards 0.6800 is still possible … Continue reading “AUDUSD Daily Analysis – May 30, 2019”

EURUSD Daily Analysis – May 30, 2019

EURUSD extended its downside movement from 1.1215 to as low as 1.1124. Further decline to test 1.1106 support is still possible in the coming days, a breakdown below this level could take the price to next support level at 1.1030. Near term resistance is at 1.1155, only break above this level could bring the price … Continue reading “EURUSD Daily Analysis – May 30, 2019”