Key Trading Levels to Watch on May 20

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(0)
Overview:

Watch the video for the key trading levels for AUDJPY,
AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD
Index, and S&P 500.

 
Key Trading Levels – AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, & S&P 500 from ACY Securities Australia on Vimeo.

Read
the updated analysis below:

·      AUDJPY has rallied
back to the 90.29 monthly resistance level.

·      AUDUSD has rallied
back to the 0.7030-51 daily resistance area.

·      EURJPY has
rallied back to the 135.51 daily resistance level after finding support at the
134.14 monthly support level.

·      EURUSD has advanced
and tested the 1.0600 level.

·      GBPJPY has rallied
back to the 159.61 daily resistance level after finding support at the 158.21
monthly support level.

·      GBPUSD has rallied
and retested the 1.2500 level.

·      NZDJPY
has
reversed at the 82.49 monthly resistance level and is now targeting 79.44 last
week’s low.

·      NZDUSD
has
rallied back to the 0.6380 weekly resistance level.

·      USDCAD continues
to find support at the 1.2800 level.

·     
USDJPY has declined down to the 127.51 daily support level.

·      USD Index has
closed back below the 103.81 monthly resistance level.

·      S&P 500 has
declined down to test last week’s low.

 

This content
may have been written by a third party. ACY makes no representation or warranty
and assumes no liability as to the accuracy or completeness of the information
provided, nor any loss arising from any investment based on a recommendation,
forecast or other information supplied by any third-party. This content is
information only, and does not constitute financial, investment or other advice
on which you can rely.This article was written by Duncan
Cooper – ACY Securities Senior Market Strategist & Trading Mentor.

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