Source: PaxForex Premium Analytics Portal, Technical Insight

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AUD/USD, 30 min

Pivot: 0.7207

Analysis:

Provided that the currency pair is traded below 0.7240 follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.7207
• Take Profit 1: 0.7170
• Take Profit 2: 0.7150

Alternative scenario: 

In case of breakout of the level 0.7240, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.7240
• Take Profit 1: 0.7260
• Take Profit 2: 0.7290

Comment:

RSI shows the possibility of descending momentum during the day.

Key levels:

AUD/USD, D1

Pivot: 0.7220

Analysis:

While the price is above 0.6920 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7220
• Take Profit 1: 0.7300
• Take Profit 2: 0.7390

Alternative scenario:

If the level 0.6920 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6920
• Take Profit 1: 0.6780
• Take Profit 2: 0.6650

Comment:

RSI shows a bullish sentiment.

Key levels

We also advise you to pay attention to the following currency pairs for intraday trading:

GBP/USD – sell below 1.3145 with 1.3085 and 1.3055 as Take Profit targets. Alternative scenario - if the level of 1.3145 is broken-out, you should consider buying with the targets 1.3180 and 1.3200 as Take Profit.
USD/CHF - long positions above 0.9095 with 0.9140 and 0.9175 targets as Take Profit. Alternative scenario - if the level of 0.9095 is broken-down, sell with the targets 0.9080 and 0.9060 as Take Profit.
EUR/USD - sell below 1.1865 with 1.1800 and 1.1775 targets as Take Profit. Alternative scenario - if the level 1.1865 is broken-out, buy with the TP 1.1895 and 1.1915.