Source: PaxForex Premium Analytics Portal, Technical Insight
Barkin: strong demand will continue in 2021 and 2022:
- People have enough money to be selective about jobs;
- Strong demand will continue in 2021 and 2022, supported by business spending;
- Whether people will continue to work remotely after restrictions are lifted depends on competition and markets.
AUD/USD, 30 min
Pivot: 0.7722
Analysis:
Provided that the currency pair is traded below 0.7745, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.7722
- Take Profit 1: 0.7705
- Take Profit 2: 0.7685
Alternative scenario:
In case of breakout of the level 0.7745, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.7745
- Take Profit 1: 0.7770
- Take Profit 2: 0.7800
Comment:
RSI shows the possibility of descending momentum during the day.
Key levels:
| Resistance | Support |
| 0.7800 | 0.7705 |
| 0.7770 | 0.7685 |
| 0.7745 | 0.7670 |
AUD/USD, D1
Pivot: 0.7733
Analysis:
While the price is above 0.7670, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7733
- Take Profit 1: 0.7890
- Take Profit 2: 0.8000
Alternative scenario:
If the level 0.7670 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7670
- Take Profit 1: 0.7580
- Take Profit 2: 0.7500
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 0.8085 | 0.7670 |
| 0.8000 | 0.7580 |
| 0.7890 | 0.7500 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD - buy above 1.2065 with 1.2105 and 1.2120 targets as Take Profit. Alternative scenario - if the level of 1.2065 is broken-down, sell with the targets 1.2050 and 1.2035 as Take Profit.
GBP/USD – short positions below 1.4060 with 1.4015 and 1.4000 as Take Profit targets. Alternative scenario - if the level of 1.4060 is broken-out, buy with the targets 1.4080 and 1.4100 as Take Profit.
USD/CHF - sell below 0.9075 with 0.9030 and 0.9015 targets as Take Profit. Alternative scenario - if the level 0.9075 is broken-out, you should consider buying with the TP 0.9095 and 0.9110.
