Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD aims to test 0.6500 despite weaker China Trade Balance data.
AUD/USD,D1
Pivot: 0.6428
Analysis:
Provided that the currency pair is above 0.6350, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6428
- Take Profit 1: 0.6520
- Take Profit 2: 0.6680
Alternative scenario:
In case of a broken-down of the level 0.6350, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6350
- Take Profit 1: 0.6270
- Take Profit 2: 0.6200
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.6900 | 0.6350 |
| 0.6680 | 0.6270 |
| 0.6520 | 0.6200 |
