Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD faces a tough resistance around 0.6915/40 – UOB Group.
AUD/USD,D1
Pivot: 0.6855
Analysis:
Provided that the currency pair is above 0.6800, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6855
- Take Profit 1: 0.7000
- Take Profit 2: 0.7150
Alternative scenario:
In case level 0.6800 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6800
- Take Profit 1: 0.6720
- Take Profit 2: 0.6630
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.7200 | 0.6800 |
| 0.7150 | 0.6720 |
| 0.7000 | 0.6630 |
