Source: PaxForex Premium Analytics Portal, Technical Insight
In the opinion of UOB Group analysts, AUD/USD could extend the advance to the 0.6775 level in the short term.
AUD/USD,D1
Pivot: 0.6684
Analysis:
Provided that the currency pair is above 0.6520, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6684
- Take Profit 1: 0.6760
- Take Profit 2: 0.6900
Alternative scenario:
In case of a broken-down of the level 0.6520, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6520
- Take Profit 1: 0.6100
- Take Profit 2: 0.6000
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.7100 | 0.6520 |
| 0.6900 | 0.6100 |
| 0.6760 | 0.6000 |
