Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD collapsed to 3-week lows below 0.7300.
AUD/USD,D1
Pivot: 0.7262
Analysis:
Provided that the currency pair is traded above 0.7220, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7262
- Take Profit 1: 0.7430
- Take Profit 2: 0.7680
Alternative scenario:
In case of break-down of the level 0.7220, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7220
- Take Profit 1: 0.7100
- Take Profit 2: 0.7000
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
Resistance | Support |
0.7810 | 0.7220 |
0.7680 | 0.7100 |
0.7530 | 0.7000 |