AUD/USD | Australian Dollar to US Dollar Trading Analysis
The AUD/USD currency pair is traded at 0.6458. The pair is traded over Ishimoku Cloud, which suggests an upward trend. It is expected that the lower boundary of the Indicator Cloud will be tested near the level of 0.6400, then the growth to 0.6585.
AUD/USD, 30 min
Pivot: 0.6432
Analysis:
Provided that the currency pair is traded below 0.6460 follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 0.6432
Take Profit 1: 0.6400
Take Profit 2: 0.6380
Alternative scenario:
In case of breakout of the level 0.6460, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 0.6460
Take Profit 1: 0.6475
Take Profit 2: 0.6495
Comment:
As long as the resistance of 0.6460 is not broken through, the risk of breakdown below 0.6400 remains high.
Key levels:
Resistance
Support
0.6495
0.6400
0.6475
0.6380
0.6460
0.6365
AUD/USD, D1
Pivot: 0.6464
Analysis:
While the price is below 0.6250, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 0.6464
Take Profit 1: 0.6570
Take Profit 2: 0.6685
Alternative scenario:
If the level 0.6250 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 0.6250
Take Profit 1: 0.6080
Take Profit 2: 0.5980
Comment:
RSI shows a bullish sentiment.
Key levels:
Resistance
Support
0.6850
0.6250
0.6685
0.6080
0.6570
0.5980
We also advise you to pay attention to the following currency pairs for intra-day trading:
GBP/USD – sell below 1.2455 with 1.2425 and 1.2400 as Take Profit targets. Alternative scenario - if the level of 1.2455 is broken-out, you should consider buying with the targets 1.2480 and 1.2500 as Take Profit. EUR/JPY - long positions above 114.90 with 115.72 and 115.94 targets as Take Profit. Alternative scenario - if the level of 114.90 is broken-down, sell with the targets 114.53 and 114.31 as Take Profit. EUR/GBP - buy above 0.8685 with 0.8758 and 0.8778 targets as Take Profit. Alternative scenario - if the level 0.8685 is broken-down, sell with the TP 0.8651 and 0.8631.
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