- Australian Federal Elections 2019
- AUD/USD testing key level
Price Movement
Since last Friday, AUD/USD moved down by around 30pips before gapping up by around 50pips due to the Australian federal elections over the weekend.
Trend
AUD/USD is trending downwards.
Important Issue
Over the weekend, Australia’s Prime Minister Scott Morrison led the Coalition to victory in the 2019 federal election, winning a third three-year term against the Labor opposition.
Technical
AUD/USD is currently testing the 0.69 key level.
Price Levels
Current Price: 0.69150
Next Resistance: 0.69573
Next Support: 0.68550
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