AUD/USD Outlook (27th May 2019)

• U.S. Bank Holiday
  
• AUD/USD moving towards resistance level
  

Price Movement
Since last Friday, AUD/USD moved up by around 45pips.

Trend
Overall, AUD/USD is trending downwards.

Important Issue
Today is U.S. Memorial Day. As U.S. banks will be on holiday, expect lower than usual trading volume and volatility.

Technical
AUD/USD is moving towards the resistance level of 0.69573.

Price Levels
Current Price: 0.69333
Next Resistance: 0.69573
Next Support: 0.68550