AUDUSD(20250514)Today's Analysis

40
Market news:
The U.S. unadjusted CPI annual rate unexpectedly dropped to 2.3% in April, the lowest since February 2021.

Technical analysis:
Today's buying and selling boundaries:
0.6435

Support and resistance levels:
0.6552
0.6508
0.6480
0.6390
0.6362
0.6318

Trading strategy:
If the price breaks through 0.6480, consider buying, the first target price is 0.6508
If the price breaks through 0.6435, consider selling, the first target price is 0.6390

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.