Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD risks sagging to 0.7030 - UOB.
AUD/USD,D1
Pivot: 0.7022
Analysis:
Provided that the currency pair is above 0.7000, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7022
- Take Profit 1: 0.7170
- Take Profit 2: 0.7280
Alternative scenario:
In case of break-down of the level 0.7000, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7000
- Take Profit 1: 0.6825
- Take Profit 2: 0.6700
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.7445 | 0.7000 |
| 0.7280 | 0.6825 |
| 0.7170 | 0.6700 |
