Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD holds ground around 0.6820 following mixed Chinese data.
AUD/USD,D1
Pivot: 0.6814
Analysis:
Provided that the currency pair is above 0.6700, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6814
- Take Profit 1: 0.6900
- Take Profit 2: 0.7000
Alternative scenario:
In case level 0.6700 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6700
- Take Profit 1: 0.6550
- Take Profit 2: 0.6400
Comment:
RSI shows the possibility of the day.an uptrend during
Key levels:
| Resistance | Support |
| 0.7100 | 0.6700 |
| 0.7000 | 0.6550 |
| 0.6900 | 0.6400 |
