Source: PaxForex Premium Analytics Portal, Technical Insight
Australian Dollar gains against US Dollar, nearing the 0.6600 mark amid mixed US economic data and market optimism.
AUD/USD,D1
Pivot: 0.6581
Analysis:
Provided that the currency pair is above 0.6400, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6581
- Take Profit 1: 0.6600
- Take Profit 2: 0.6700
Alternative scenario:
In case level 0.6400 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6400
- Take Profit 1: 0.6250
- Take Profit 2: 0.6150
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.6800 | 0.6400 |
| 0.6700 | 0.6250 |
| 0.6600 | 0.6150 |
