ForexCycle.com
4xdev
  • Home
  • Forex Analysis
    • Long Term Forex Analysis
    • Short Term Forex Analysis
    • Special Focus
    • Daily Forex Reports
    • Forex Signals
  • Forex Articles
    • Market Cycle
    • Indicator
    • Elliott Wave
    • Fibonacci Sequence
    • Forex Market
    • Forex Trading
    • Technical Analysis
    • Chart Pattern
  • Trading Strategy
  • Forex Brokers
    • Avatrade
    • Broker News
    • Broker Review
  • Elliott Wave Courses
    • Markets Reverse
    • 5 Ways Using Trendlines
    • Overview of MACD
    • Relative Strength Index
    • Japanese Candlesticks
    • Moving Averages
    • Fibonacci Ratios
    • Two-Bar Pattern
    • Market Myths Exposed
  • Contact Us

AUDUSD Daily Analysis – May 17, 2017

AUDUSD is in short term uptrend from 0.7328. Further rally could be expected and the target would be at the descending trend line on 4-hour chart. Near term support is at the support trend line of the rising price channel, only a clear break below the channel support could bring price back to test 0.7328 support.

AUDUSD chart

Author ForexCycle.comPosted on May 16, 2017Categories Short Term Forex AnalysisTags AUDUSD, Price Channel, Trend Line

Post navigation

Previous Previous post: GBPUSD Daily Analysis – May 17, 2017
Next Next post: USDJPY Daily Analysis – May 17, 2017

Resources

  • Unlock Your Trading Potential with EA Builder
  • Elliott Wave Principle

Recent Posts

  • Raytheon Technologies (RTX): The Breakout Toward $222
  • Elliott Wave in Action: XOM Rockets from Blue Box Area
  • Boeing Co. $BA Extreme Area Offering a Buying Opportunity
  • ASML Holding (ASML) Favors Rally Towards 1457.74
  • American Airlines (AAL): Buying the Stock at the Blue Box After an EW Double Three
  • Visa (V): Can the 2026 Bullish Trend Overcome Recent Price Lag?
  • The Elliott Wave Theory and High Frequency Trading
  • EURJPY Breaks Higher: Blue Box Delivers New Highs
  • PNC Financial Services Nears ATH with $250 Target in Sight
  • Liquidia (LQDA): Buy The Breakout Or Wait For Pullback?
  • Facebook
  • Instagram
  • Twitter
  • LinkedIn
  • Telegram
  • Home
  • Forex Analysis
  • Forex Articles
  • Contact Us
  • Forex Blog
  • Disclaimer
  • Forex Resources
  • Archives
  • RSS
Copyright © 2005 - 2026 ForexCycle.com. All rights reserved.