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4H Chart
Daily Chart
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s. In the meantime, AUD/USD stabilized below its 50 & 100-day MA for the first time since early April, which could mean that the demand is no longer there at the current levels. Therefore, AUD/USD may decline further in the next few days, while any upside move is likely to remain capped below 0.7730’s. On the downside view, the next support area stands at 0.7650’s as it represents its 200-day MA.
|
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
|
0.7647 |
0.7679 |
0.7695 |
0.7711 |
0.7727 |
0.7743 |
0.7775 |
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
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