Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD: the pair may be waiting for a reprieve in the near future - UOB.
AUD/USD,D1
Pivot: 0.7413
Analysis:
Provided that the currency pair is traded above 0.7280, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7413
- Take Profit 1: 0.7465
- Take Profit 2: 0.7600
Alternative scenario:
In case of break-down of the level 0.7280, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7280
- Take Profit 1: 0.7165
- Take Profit 2: 0.7100
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.7720 | 0.7280 |
| 0.7600 | 0.7165 |
| 0.7465 | 0.7100 |
