Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD will return to 0.69 or even lower in the next few days - Westpac.
AUD/USD,D1
Pivot: 0.6972
Analysis:
Provided that the currency pair is below 0.7070, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6972
- Take Profit 1: 0.6825
- Take Profit 2: 0.6700
Alternative scenario:
In case of a break-out of the level 0.7070, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7070
- Take Profit 1: 0.7170
- Take Profit 2: 0.7280
Comment:
RSI shows the possibility of a downtrend during the day.
Key levels:
| Resistance | Support |
| 0.7280 | 0.6825 |
| 0.7170 | 0.6700 |
| 0.7070 | 0.6550 |
