AUDUSD Recovers From Lows, Upside Potential Appears Constrained

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

AUDUSD Price Analysis – May 20

AUDUSD rises to a new intraday high of 0.7763 at the time of this post in early Thursday, up 0.20 percent on the day. Before April’s job report sparked a corrective pullback, the Aussie pair had been grappling with the risk-off mood. Amid Aussie jobs data, the failure to break above the daily cloud, which may leave the downside vulnerable, should be avoided.

Key Levels
Resistance Levels: 0.7900, 0.7850, 0.7800
Support Levels: 0.7700, 0.7650, 0.7600
AUDUSD Long term Trend: Ranging
The exchange rate is roughly trading above the ascending trendline pattern, and a breakout towards the 0.7800 level may be imminent. If the breakout occurs from the mid 0.7700 regions, this session could see a surge to the 0.7850 level. On overbought conditions, the relative strength index stays around its midlines implying more room for the upside advance.

Bullish traders are likely to touch today’s horizontal resistance line at 0.7800 if the price breaks the moving average of 5 and 13 barriers. Another rally past the horizontal resistance level on the upside (currently at 0.7800) may occur. Given that price is still above the ascending trendline, it may remain the best scenario to aim at 0.7850. However, continued trading below the 0.7800 level could move the focus back to the 0.7600 regions.
AUDUSD Short term Trend: Ranging
Beyond the 0.7700 marks, the AUDUSD remains in consolidation, however with the intraday bias initially tilted to the upside. A further rise may be seen now that the 0.7700 marks have been surpassed. The short-term rise from 0.7513 to 0.7890 could reach 0.7900 in subsequent sessions.

However, given the persistent ranging condition in the 4 hour RSI, a return to the 0.7700 support level could imply a short-term topping. If that scenario plays out, the intraday bias will be shifted back to the downside as the market may correct towards a lower support level at 0.7650.

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *